Agenda Packet 4-9-11 Work Session

Home Browse Search

(2) Of the revenues deposited pursuant to subsection (1) of this section, the city or county may retain an amount not to exceed four percent as an administrative fee to recoup the expenses of the city or county incurred in complying with this section. (3) After deducting the administrative fee authorized under subsection (2) of this section and paying any refunds, the city or county shall use the remaining revenues received under section 8 (2) of this 2016 Act as follows: (a) Fifty percent to fund developer incentives allowed or offered pursuant to ORS 197.309 (5)(c) and (d) and (7); (b) Fifteen percent to be distributed to the Housing and Community Services Department to fund home ownership programs that provide down payment assistance; and (c) Thirty-five percent for programs and incentives of the city or county related to af- fordable housing as defined by the city or county, respectively, for purposes of this section and section 8 of this 2016 Act. (4) After deducting the administrative fee authorized under subsection (2) of this section and paying any refunds, the city or county shall use 50 percent of the remaining revenues received under section 8 (3) of this 2016 Act to fund programs of the city or county related to housing. SECTION 10.Section 9, chapter 829, Oregon Laws 2007, is repealed. SECTION 11. A city or county may not adopt a regulation, provision or requirement un- der ORS 197.309, as amended by section 1 of this 2016 Act, until the 180th day after the ef- fective date of this 2016 Act. SECTION 12.This 2016 Act takes effect on the 91st day after the date on which the 2016 regular session of the Seventy-eighth Legislative Assembly adjourns sine die. Passed by Senate February 26, 2016Received by Governor: ........................M.,........................................................., 2016 .................................................................................. Approved: Lori L. Brocker, Secretary of Senate ........................M.,........................................................., 2016 .................................................................................. Peter Courtney, President of Senate .................................................................................. Kate Brown, Governor Passed by House March 3, 2016 Filed in Office of Secretary of State: .................................................................................. ........................M.,........................................................., 2016 Tina Kotek, Speaker of House .................................................................................. Jeanne P. Atkins, Secretary of State Enrolled Senate Bill 1533 (SB 1533-B)Page 5