An Act To Support Housing for Homeless Veterans
Sec. 1. 30-A MRSA c. 201, sub-c. 3-C is enacted to read:
SUBCHAPTER 3-C
HOUSING FOR HOMELESS VETERANS
§ 4765. Homeless Veterans Housing Fund
Sec. 2. 36 MRSA §4641-B, sub-§4-B, ¶E, as enacted by PL 2011, c. 453, §6, is amended to read:
(1) At the beginning of the fiscal year, the Maine State Housing Authority shall certify to the Treasurer of State the amount that is necessary and sufficient to meet the authority's obligations relating to bonds issued or planned to be issued by the authority under Title 30-A, section 4864.
(2) On a monthly basis the Treasurer of State shall apply 50% of the revenues in accordance with this subparagraph. The Treasurer of State shall first pay revenues available under this subparagraph to the Maine State Housing Authority, which shall deposit the funds in the Maine Energy, Housing and Economic Recovery Fund established in Title 30-A, section 4863, until the amount paid equals the amount certified by the Maine State Housing Authority under subparagraph (1), after which , for fiscal year 2015-16, the Treasurer of State shall credit $1,000,000 to the Homeless Veterans Housing Fund under Title 30-A, section 4765 and credit any remaining revenues available under this subparagraph to the General Fund and, for fiscal year 2016-17 and each fiscal year thereafter, the Treasurer of State shall credit any remaining revenues available under this subparagraph to the General Fund.
(3) On a monthly basis, the Treasurer of State shall credit 50% of the revenues to the Maine State Housing Authority, which shall deposit the funds in the Housing Opportunities for Maine Fund created in Title 30-A, section 4853.
summary
This bill establishes the Homeless Veterans Housing Fund within the Maine State Housing Authority to provide housing for homeless veterans and, for fiscal year 2015-16, directs the Treasurer of State to credit $1,000,000 derived from the real estate transfer tax to the Homeless Veterans Housing Fund to support, with a 3-to-1 match by outside sources, the construction by the Volunteers of America of housing for homeless veterans on the grounds of the United States Department of Veterans Affairs medical center in the City of Augusta.