HB2981

HB2981 amends the Arizona housing trust fund to clarify investment, spending, and reporting procedures.

HB2981 amends the Arizona housing trust fund to clarify investment, spending, and reporting procedures. The state treasurer invests and divests fund monies as provided by statute. Fund monies are spent on projects and programs for low and moderate income households and housing affordability programs. The department submits an annual report to the legislature on fund activities. The report includes details on facilities funded, costs, locations, and individuals benefiting. The department also reviews all programs funded by the housing trust fund for the joint legislative budget committee.