Section 4-506 - Workforce Housing Fund.
§ 4-506. Workforce Housing Fund.
(a) "Fund" defined.- In this section, "Fund" means the Workforce Housing Fund.
(b) Fund established.- There is a Workforce Housing Fund.
(c) Purpose.- As provided in the State budget, the Department shall use the Fund to operate and provide funds under the Workforce Housing Grant Program.
(d) Components.- The Fund consists of:
(1) money appropriated by the State;
(2) repayments of principal and payments of interest on loans made under the Workforce Housing Grant Program;
(3) amounts paid in connection with transfers of homeownership workforce housing units;
(4) money transferred to the Fund in accordance with this subtitle; and
(5) investment earnings of the Fund.
[2007, ch. 603.]