§ 477A.37 — Housing Assistance Fund
Plain-Language Summary
This section creates the Housing Assistance Fund in the state treasury to hold money designated for local affordable housing aid. The fund has two accounts: a metropolitan county aid account and a metropolitan city aid account. Money flows into these accounts from the special sales tax under section 297A.9925 and is then distributed to counties and cities under section 477A.35.
477A.37 HOUSING ASSISTANCE FUND.
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Subdivision 1.Fund established.
A housing assistance fund is established in the state treasury. The fund consists of money as provided under section 297A.9925, and any other money donated, allotted, transferred, or otherwise provided to the fund. §
Subd. 2.Metropolitan county aid account; appropriation.
(a) A metropolitan county aid account is established in the housing assistance fund. The account consists of money as provided under section 297A.9925, and any other money donated, allotted, transferred, or otherwise provided to the account.
(b) Money in the metropolitan county aid account is annually appropriated to the commissioner of revenue for payments to counties as provided under section 477A.35. §
Subd. 3.Metropolitan city aid account; appropriation.
(a) A metropolitan city aid account is established in the housing assistance fund. The account consists of money as provided under section 297A.9925, and any other money donated, allotted, transferred, or otherwise provided to the account.
(b) Money in the metropolitan city aid account is annually appropriated to the commissioner of revenue for payments to cities as provided under section 477A.35.
History:
History: History:
2023 c 37 art 5 s 4