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Budget Recommendations

Department of Housing and Community Development

Department of Housing and Community Development
    Department of Housing and Community Development
Account Description
FY06
GAA
FY07
House 2
 
Low-Income Housing Tax Credit Fee Retained Revenue  
   7004-9315   The department of housing and community development is hereby authorized to expend for the administration and monitoring of the low-income housing tax credit and local administration programs an amount not to exceed $2,000,000 from fees collected pursuant to said programs; provided, that notwithstanding the provisions of any general or special law to the contrary, for the purpose of accommodating timing discrepancies between the receipt of retained revenues and related expenditures, the department may incur expenses and the comptroller may certify for payment amounts not to exceed the lower of this authorization or the most recent revenue estimate therefor as reported in the state accounting system 1,500,000 2,000,000
 
 
 Increased appropriation to equal projected retained revenue.