South Carolina General Assembly

General Appropriations Bill H. 4700 for the fiscal year beginning July 1, 1998

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29     SECTION 20 - L32 - HOUSING, FINANCE AND DEVELOPMENT AUTHORITY
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31         20.1. (HFDA: Federal Rental Assistance Administrative Fee Carry Forward)  All federal rental assistance administrative fees shall
32     be carried forward to the current fiscal year for use by the Authority in the administration of the federal programs under contract with the
33     Authority.  No State funds are to be used in the administration of these programs.
34         20.2. (HFDA: Program Expenses Carry Forward)  For the prior fiscal year monies withdrawn from the Authority's various bond-
35     financed trust indentures and resolutions, which monies are deposited with the State Treasurer to pay program expenses, may be carried


SECTION 20 - L32 - HOUSING, FINANCE AND DEVELOPMENT AUTHORITY PAGE 440 1 forward by the Authority into the current fiscal year. By October 1, of the current fiscal year, a report shall be submitted to the Senate 2 Finance Committee and the House Ways and Means Committee, detailing the amount carried forward and a detailed budget for its 3 expenditure. 4