Mandates the appropriated funds to be fully allocated during the 2020 housing credit award cycle (identical to language accompanying the previous appropriations provisions). Requires the General Fund to be credited $10 million from the proceeds of the of the insurance regulatory charge of the 2020-21 fiscal year that would be credited to the Insurance Regulatory Fund, effective for the charged levied for the 2020-21 fiscal year and due and collected after July 1, 2020.Īppropriates $20 million in nonrecurring funds from the General Fund to the NC Housing Finance Agency (Agency) for the 2020-21 fiscal year to be used for the Workforce Housing Loan Program pursuant to the specified state law provisions governing the Program. Instead, provides the following.ĭirects the State Controller to deposit $10 million in the General Fund from the cash balance in the Federal Insurance Contributions Act (FICA) Fund. House committee substitute makes the following changes to the 1st edition.Įliminates the proposed $20 million appropriation to the NC Housing Trust Fund.
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