A BILL TO BE ENTITLED
AN ACT to provide funding for the workforce housing loan program administered by the north carolina housing finance agency.
The General Assembly of North Carolina enacts:
SECTION 1.  There is appropriated from the General Fund to the North Carolina Housing Trust Fund the sum of twenty million dollars ($20,000,000) in nonrecurring funds for the 2020‑2021 fiscal year to be used for the Workforce Housing Loan Program in accordance with G.S. 122A‑5.15. Funds appropriated in this section shall be fully allocated during the 2020 housing credit award cycle.
SECTION 2.  This act becomes effective July 1, 2020.