SB 1501

Modifies permissible purposes for amounts held in the Long-Term Rent Assistance Fund.

Bill Text

• A-Engrossed
• Enrolled
• Introduced
• Senate Amendments to Introduced

SB1501 modifies how money in the Long-Term Rent Assistance Fund can be spent and creates a new account for private security company wage deposits.

Original Bill Text

Overview#

Digest: The Act changes the things that certain housing moneys can be spent on. The Act creates a new fund to hold deposits from private security companies. (Flesch Readability Score: 69.9). Modifies permissible purposes for amounts held in the Long-Term Rent Assistance Fund. Establishes an account to hold amounts submitted by private security entities as proof of ability to pay wages. Declares an emergency, effective on passage.

Public Testimony

Legislative History