DIGEST OF INTRODUCED BILL
Housing trust fund financing. Establishes the housing trust fund. Requires the treasurer of state to transfer the balance of the principal of the abandoned property fund that exceeds $25,500,000 on any day of the state fiscal year before June 30 to the housing trust fund before the end of business on that day. Requires the treasurer of state to transfer to the housing trust fund on June 30 of each year the lesser of: (1) the balance of the principal of the abandoned property fund that exceeds $500,000; or (2) $25,000,000. Specifies that money in the housing trust fund must be used to promote affordable housing in accordance with policies developed by the Indiana housing and community development authority.