7004-9315 - Low-Income Housing Tax Credit Fee Retained Revenue

Account Description FY 2012
GAA
FY 2013
House 2
7004-9315 Low-Income Housing Tax Credit Fee Retained Revenue
The department of housing and community development may expend for the administration and monitoring of the low-income housing tax credit and local administration programs an amount not to exceed $2,535,033 from fees collected under those programs; provided, that notwithstanding 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 as reported in the state accounting system
2,323,853 2,535,033

Increased funding as part of commitment to making targeted investments in both housing and economic development