Laserfiche WebLink
SECTION III. CREATION OF THE INDIAN RIVER COUNTY LOCAL HOUSING <br />ASSISTANCE TRUST FUND <br />A. The Indian River County Local Housing Assistance Trust <br />Fund (IRCLHATF) is hereby created and established. The Indian <br />River County Local Housing Assistance Trust Fund shall be a <br />separate fund account maintained by the Indian River County Board <br />of County Commissioners. <br />Be All monies received from the state as the County's share <br />of the Local Housing Distribution under the State Housing <br />Initiative Partnership Act (SHIP Program) and other funds received <br />or budgeted to provide funding for the Indian River County Local <br />Housing Assistance Program shall be deposited into the Indian River <br />County Local Housing Assistance Trust Fund. Administration of the <br />Indian River County Local Housing Assistance Trust Fund shall be <br />consistent with Rule 91-37.007, Florida Administrative Code. All <br />funds deposited into the Indian River County Local Housing <br />Assistance Trust Fund will be subject to the requirements of the <br />Indian River County Local Housing Assistance Program and Plan as <br />identified by this Ordinance, and the provisions of Rule 9I-37.007, <br />Florida Administrative Code. <br />C. Expenditures other than for the administration and <br />implementation of the Indian River County Local Housing Assistance <br />Program shall not be made from the Indian River County Local <br />Housing Assistance Trust Fund. Administration expenditures may <br />include, but not be limited to: salaries for persons responsible <br />for the preparation, reporting, and administration for the Indian <br />River County Local Housing Assistance Program; office expenses of <br />persons responsible for conducting the Indian River County Local <br />Housing Assistance Program, production of application and public <br />information materials utilized in conducting the Indian River <br />County Local Housing Assistance Program, travel expenses related to <br />Local Housing Assistance Program activities, and the preparation of <br />studies and collection of data relating to affordable housing needs <br />and demands in the County. <br />