Section 35AA: Smart Growth Housing Trust Fund
[ Text of section effective until May 30, 2023. For text effective May 30, 2023, see below.]
Section 35AA. There shall be established and set up on the books of the commonwealth a separate fund to be known as the Smart Growth Housing Trust Fund to be used, without appropriation, by the department of housing and community development for the purpose of making payments to communities under section 10 of chapter 40R. Available revenues from the sale of state surplus lands, as provided for in law, appropriations from the General Fund and monetary sanctions imposed by the department of housing and community development under subsection (b) of section 7 of said chapter 40R shall be deposited into the trust fund. All monies deposited into the fund shall be expended exclusively for the purpose set forth in this section. No expenditure from said fund shall cause said fund to be in deficiency at the close of a fiscal year.
Chapter 10: Section 35AA. Smart Growth Housing Trust Fund
[ Text of section as amended by 2023, 7, Sec. 39 effective May 30, 2023. See 2023, 7, Sec. 298. For text effective until May 30, 2023, see above.]
Section 35AA. There shall be established and set up on the books of the commonwealth a separate fund to be known as the Smart Growth Housing Trust Fund to be used, without appropriation, by the executive office of housing and livable communities for the purpose of making payments to communities under section 10 of chapter 40R. Available revenues from the sale of state surplus lands, as provided for in law, appropriations from the General Fund and monetary sanctions imposed by the executive office of housing and livable communities under subsection (b) of section 7 of said chapter 40R shall be deposited into the trust fund. All monies deposited into the fund shall be expended exclusively for the purpose set forth in this section. No expenditure from said fund shall cause said fund to be in deficiency at the close of a fiscal year.