House Bill 1545

AN ACT TO AMEND SECTION 73-35-103, MISSISSIPPI CODE OF 1972, TO DEFINE "AFFORDABLE HOUSING PROGRAM" FOR PURPOSES OF THE "INTEREST ON REAL ESTATE BROKERS' ESCROW ACCOUNTS ACT"; TO AMEND SECTION 73-35-105, MISSISSIPPI CODE OF 1972, TO REMOVE REFERENCES TO THE MISSISSIPPI HOUSING OPPORTUNITY FOUNDATION AS THE 501(C)(3) ORGANIZATION TO RECEIVE FUNDS UNDER THIS ACT; TO AUTHORIZE THE MISSISSIPPI ASSOCIATION OF REALTORS TO DESIGNATE ANY AFFORDABLE HOUSING PROGRAM AS THE 501(C)(3) AS THE ORGANIZATION TO RECEIVE FUNDS UNDER THIS ACT; TO REMOVE ANY AUTHORITY AND REPRESENTATION GIVEN TO THE MISSISSIPPI BANKERS ASSOCIATION IN THE OVERSIGHT OF ANY ORGANIZATION DESIGNATED TO RECEIVE FUNDS UNDER THIS ACT; TO REQUIRE FUNDS RECEIVED FROM THE IREBEA PROGRAM TO BE DEPOSITED WITH THE AFFORDABLE HOUSING PROGRAM FUND QUARTERLY; TO REVISE THE COMPOSITION OF THE BOARD OF DIRECTORS FOR THE AFFORDABLE HOUSING PROGRAM FUND; TO AMEND SECTION 4, CHAPTER 412, LAWS OF 2004, FOR THE PURPOSE OF REMOVING REFERENCES TO THE MISSISSIPPI ASSOCIATION OF BANKERS IN REFERENCE TO THE ESTABLISHMENT OF FUNDING INITIATIVES THAT WILL INCREASE HOUSING OPPORTUNITIES IN THE STATE; AND FOR RELATED PURPOSES.

In the House of Representatives

• Warner F. McBride

  Sponsor

l9n doesn't hold this bill's text yet.

In the House of Representatives Jan 19 – Feb 3

1. Jan 19Referred to the House committees on Judiciary B and on Appropriations
2. Feb 3Died in committee in the House