§ 8.5-94. The local housing assistance trust fund.

Latest version.

(a)

The "Local Housing Assistance Trust Fund" is hereby created and established. All moneys received by Polk County from the state pursuant to the State Housing Initiatives Partnership Program shall be deposited into the trust fund.

(b)

Expenditures other than administrative expenses and awards from the local housing assistance program shall not be made from the local housing assistance trust fund. The guidelines for the use of the trust fund moneys will be provided in the local housing assistance plan as described hereinafter.

(c)

All investment earnings from the SHIP program shall be retained in the local housing assistance trust fund and used for the purposes thereof.

(Ord. No. 03-93, § 4, 12-17-03)

                    
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