Agenda - 10-17-1995 - VIII-H - Laserfiche WebLink

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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1"5 7 t 1 Sec. 9.3. (a) Funds appropriated in this act to the Housing Finance 2 Agency for the federal HOME Program shall be used to match federal funds 3 appropnated for the HOME Program. In allocating State funds appropriated to 4 match federal HOME Program funds, the Agency shall give pnoriry to HOME 5 ,Program pro�1e)c ts, a s follows: 6 First priority to projects that are located in counties designated as 7 severel distressed counties under G.S. 105-130.40(c) or G.S. 105- 8 151.17�c); and 9 (2) Second priority to projects that benefit persons and families whose 10 incomes are fifty percent (50%) or less of the median family 11* income for the local area, with adjustments for family size, 12 according to the latest figures available from the U.S. Department 13 of Housing and Urban Development. 14 The Housing Finance Agency shall report to the Joint Legislative 15 Commission on Governmental Operations by April 1 of each year concerning the 16 status of the HOME Program and shall include in the report information on priorities 17 met, types of activities funded, and types of activities not funded. 18 (b) If the United States Congress changes the HOME Program such that 19 matching funds are not required for a given program year, then the Agency shall not 20 spend the matching funds appropriated under this act for that program year. 21 (c) Funds appropriated in this act to match federal HOME Program 22 funds shall not revert to the General Fund on June 30, 1996, or on June 30, 1997. 23 24 Requested by: Senators Warren, Davis, Representatives Ives, Lemmond, Culpepper 25 COUNICIL OF GOVER'�NI£NT FUNDS 26 Sec. 9.4. (a) Of the funds appropriated in this act to the Office of State 27 Planning, eight hundred sixty-four thousand two hundred seventy dollars (586:,270) 28 for the 1995-96 fiscal year and eight hundred sixty-four thousand two hundred 29 sevenry dollars (S86»,270) for the 1996-97 fiscal year shall only be used as provided 30 by this section. Each regional council of government or lead regional organization is 31 allocated up to forty-eight thousand fifteen dollars (548,015) for each fiscal year, a i;h 32 the actual amount calculated as provided in subsection (b) of this section. 33 (b) The funds shall be allocated as follows: A share of the maximum 34 forty-eight thousand fifteen dollars (548,015) each fiscal year shall be allocated to 35 each county and smaller city based on the most recent annual estimate of the Office 36 of State Budget and Management of the population of that county the 37 population of any larger city within that county) or smaller city, divided�by the sum 38 of the total population of the region (less the population of larger cities within that 39 region) and the total population of the region living in smaller cities. 7-nose funds 40 shall be paid to the regional council of government for the region in which that cin, 41 or county is Iocated upon receipt by the Office of State Planning of a resolution of 42 the governing board of the county or city requesting release of the funds. If any city 43 or county does not so request payment of funds by June 30 of a State fiscal year, chat 44 share of the allocation for that fiscal year shall revert to the General Fund. 45 (c) A regional council of government may use funds appropriated by this 46 section only to assist local governments in grant applications, economic development, 47 community development, support of local industrial development activities, and other 48 activities as deemed appropriate by the member governments. 49 (d) Funds appropriated by this section may not be used for payment of 50 dues or assessments by the member governments and may not supplant funds 51 appropnated by the member governments. 1 -(e) As used in this section, "Larger City" means an incorporated city 2 with a population of 50,000 or over. "Smaller City" means any other incorporated 3 city. House Bill 229