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the resale of the unit requiring repayment of the <br />loan amount, interest amount and calculated <br />recapture amount as specified in Section III.D.8 of <br />this Plan. <br />c. One hundred percent (100%) of all funds held in the <br />IRCLHATF shall be expended in a manner consistent <br />with this Plan and Section 420.907 of the Florida <br />Statutes (F.S.). All funds expended from the <br />IRCLHATF shall be expended for administration and <br />implementation activities as outlined in Section <br />III.D. of this Plan, for the assistance strategies <br />identified in Section III.B. of this Plan, or for <br />the provision of support services as identified in <br />Section III.A.10. of this Plan. <br />d. One hundred percent (100%) of all funds allocated <br />to the IRCLHATF by the State SHIP Program shall be <br />expended or encumbered during the fiscal year in <br />which the funds are allocated. However, the <br />payment or transfer of such encumbered funds from <br />the IRCLHATF may occur during the following fiscal <br />year in which the funds are allocated by the State <br />SHIP Program. <br />e. The expenditure of funds from the IRCLHATF for the <br />1992 - 1993 and 1993 - 1994 Fiscal Years may be <br />expected to follow the yearly estimated expenditure <br />allocations listed below: <br />ITEM ALLOCATION (Percent of SHIP Monies) <br />Administrative Costs <br />Assistance Strategies* <br />Impact Fee Grants <br />Impact Fee Loans <br />Downpayment/Closing <br />Cost Loan <br />Rehabilitation Loans <br />Land Acquisition Loans <br />Land Bank <br />$ 25,000.00 ( 10%) <br />301000.00 ( 12%) <br />15,000.00 ( 6%) <br />1001000.00 ( 40%) <br />60,000.00 ( 24%) <br />201000.00 ( 8%) <br />0.00 ( 0%) <br />$ 250,000.00 (100%) <br />* Compliance with the estimated budgetary <br />allocations for the assistance strategies is not a <br />requirement of the IRCLHAProgram. The estimated <br />budget allocations are designed to serve as general <br />guidelines in conducting the IRCLHAProgram. Monies <br />may be shifted between the strategies in order to <br />maximize the assistance provided by the <br />IRCLHAProgram in compliance with the requirements <br />of this Plan. <br />