This bill appropriates $3,000,000 to the Housing Finance Authority for the purpose of funding the Lead Paint Hazard Remediation Fund. The funds may come from the American Rescue Plan Act of 2021, and if not, they will be taken from the Drinking Water and Groundwater Trust Fund. The Governor's Office of Emergency Relief and Recovery will determine by September 1, 2024, if any discretionary funds from the American Rescue Plan Act are available for this purpose.

The fiscal impact of this bill is an increase in expenditures of $3,000,000 in FY 2025. The funding for this appropriation may come from the American Rescue Plan Act or the Drinking Water and Groundwater Trust Fund. No new positions are authorized by this bill.