This bill modifies transportation, infrastructure, and housing provisions.
This bill:
- defines terms;
- creates the State Housing Infrastructure Partnership Fund (fund) for purposes of funding local infrastructure projects;
- requires the State Tax Commission to deposit a certain amount of sales and use tax revenue into the fund for one fiscal year;
- creates the State Housing Infrastructure Partnership Board (board);
- describes the duties and membership of the board;
- authorizes the board to:
make loans from the fund for public infrastructure projects that facilitate new housing;make a loan from the fund to the Point of the Mountain State Land Authority for prison infrastructure projects; andmakes rules to administer the fund;
- repeals the Affordable Housing Infrastructure Grant Board and transfers duties for awarding affordable housing infrastructure grants to the board;
- requires the Governor's Office of Economic Opportunity to provide staff support to the board;
- provides for annual reporting from the board to the Legislature;
- increases the maximum amount of bonds authorized for certain affordable housing-related transportation projects;
- provides for a state agency's sale of surplus real property to qualifying entities at a pre-appraised value and with deferred payment; and
- makes technical and conforming changes.Statutes affected:
Introduced: 59-12-103, 63B-34-101, 72-2-121, 72-2-501, 72-2-503