The bill amends Section 15 of Chapter 774, Laws of 2023, to ensure that all interest and income earned from workforce housing appropriations is retained in the fund. The appropriations, amounting to $12 million from the general fund, are designated to support the construction or purchase of workforce housing for employees working at state-owned facilities that house state inmates or behavioral health patients. The funds are to be distributed to assist workers living in counties with populations under 15,000, located within a 30-mile radius of these facilities, based on the average population of the facilities and the number of workers in each eligible county.
Additionally, the bill provides an immediate effective date and retroactive applicability for the retention of interest and income earned on or after June 14, 2023. This change aims to enhance the financial sustainability of the workforce housing program by allowing the accrued interest and income to remain within the fund for future use.