Existing law establishes the Special Fund for Economic Uncertainties, a continuously appropriated fund, and requires the Controller to transfer as necessary from that fund to the unappropriated balance of the General Fund an amount necessary to eliminate any General Fund deficit as of the end of each fiscal year. Existing law also continuously appropriates moneys in the Special Fund for Economic Uncertainties to the Director of Finance for the purpose of allocating funds for disaster relief, as specified. Existing law establishes the Housing Rehabilitation Loan Fund, which is continuously appropriated to the Department of Housing and Community Development for, among other things, making deferred payment rehabilitation loans for financing all or a portion of the cost of rehabilitating existing housing to meet prescribed rehabilitation standards. This bill would require the Controller to annually transfer from the Special Fund for Economic Uncertainties to the Housing Rehabilitation Loan Fund the sum of $100,000,000, to be used for the construction, rehabilitation, or acquisition and rehabilitation of multifamily rental housing developments for elderly persons or households, as defined, thereby making an appropriation.
Asm. Phillip Chen
Sponsored bills
This measure would designate March 2018 as Irish American Heritage Month in honor of the multitude of contributions that Irish Americans have made to the country and state.
This measure would recognize the month of March as the 50th anniversary of the Chicano Student Walkouts and would encourage all Californians to join in commemorating this historic event.
This measure proclaims March 19 as California Celebrating Women in Public Office Day.
This measure would proclaim March 5, 2018, to March 9, 2018, inclusive, as School Breakfast Week.
This measure would recognize Nowrūz, the Persian New Year celebration.
This measure would resolve that the Legislature is proud to join the Girl Scouts of the USA in recognizing their 106th Anniversary.
This measure would declare the Legislature's support for the creation of a California Institute for Aerospace in southern California's Antelope Valley.