Section 67.493

Title VI COUNTY, TOWNSHIP AND POLITICAL SUBDIVISION GOVERNMENT

Chapter 67

Effective - 27 Jun 2000, 2 histories, see footnote   (history) 

  67.493.  Funds, minimum to be used for SNAP grant program and priority comeback projects, other uses. — Of the funds available to the trust, a minimum of five percent of the funds, not to exceed an unallocated balance of five hundred thousand dollars rolled over from the previous fiscal year, shall be set aside annually for the SNAP grant program. Of the remaining funds seventy- five percent calculated on a rolling three-year average shall be set aside for priority comeback projects. The balance of the funds shall be used to indirectly or directly benefit priority comeback communities or residents of those areas by utilizing such funds to:

  (1) Promote job preparation and job creation in areas easily accessed by residents of priority comeback communities;

  (2) Improve neighborhoods adjacent to priority comeback communities that are unlikely to be improved without such funding; and

  (3) Abate through low-interest home improvement loan programs or similar mechanisms the functional or marketable obsolescence of any owner- occupied residential structure over twenty-five years old which is located within a census block group below one hundred ten percent of the median income level for the metropolitan statistical area for this state; provided that, there is a significant threat of economic decline within the area without intervention by the trust.

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(L. 2000 H.B. 1238)

Effective 6-27-00