This is not the official budget document.

Budget Summary FY2011

70049315 - Low-Income Housing Tax Credit Fee Retained Revenue
Data Current as of:  8/6/2010





Account Description FY2010
Spending
FY2011
GAA
7004-9315 Low-Income Housing Tax Credit Fee Retained Revenue
For the low-income housing tax credit program; provided, that the department may expend not more than $2,323,853 from revenue collected from fees collected under Executive Order No. 291, pertaining to low-income housing tax credits, for the costs of administering and monitoring the programs, including the costs of personnel, subject to the approval of the director of the department; and provided further, that notwithstanding any general or special law to the contrary and 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 as reported in the state accounting system
2,323,853 2,323,853