GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1999

S	1 

SENATE BILL 37

Short Title:  Housing Funds for Elderly.	(Public)

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Sponsors: Senators Cochrane, Dannelly; Carpenter, Martin of Pitt, Perdue, and Purcell.

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Referred to:  Appropriation/Base Budget.

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February 4, 1999

A BILL TO BE ENTITLED
AN ACT TO APPROPRIATE FUNDS FOR HOUSING FOR ELDERLY PERSONS.
The General Assembly of North Carolina enacts:
Section 1.  There is appropriated from the General Fund to the Housing Finance Agency the sum of two million dollars ($2,000,000) for the 1999-2000 fiscal year and the sum of two million dollars ($2,000,000) for the 2000-2001 fiscal year.  These funds shall be used to provide affordable housing for elderly persons.  Beginning with the 2001-2002 fiscal year, funding for housing for the elderly shall be included in the Housing Finance Agency's continuation budget request.
Section 2. This act becomes effective July 1, 1999.