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House Bill 1141


House Bill 1141

ARCHIVE (2012)

Latest Information

 

DIGEST OF HB 1141 (Updated March 8, 2012 3:08 pm - DI 58)


Home energy assistance. Establishes the mortgage foreclosure multistate settlement fund. Provides that the fund consists of: (1) money that is received by the state under a multistate agreement related to litigation concerning mortgage foreclosure activities and that is designated by the attorney general for deposit in the fund; (2) appropriations made to the fund by the general assembly; and (3) grants, gifts, and donations intended for deposit in the fund. Specifies that the fund shall be administered by the budget agency, and that money in the fund does not revert to the state general fund. Specifies that an amount equal to the state sales tax revenue that was collected in the preceding state fiscal year on the assistance provided through the federal low income home energy assistance block grant program (LIHEAP) is appropriated and transferred from the fund each year for a separate state home energy assistance program to provide assistance exclusively for individuals who own a home using the LIHEAP standards. Repeals the expired sales tax exemption for home energy purchased through the state program.
Current Status:
 Law Enacted
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