Volume 799, Page 3446 View pdf image |
S.B. 618 VETOES (vii) Acquire or improve vacant buildings or unimproved land, (VIII) PROVIDE FINANCING FOR A NEIGHBORHOOD INTERVENTION [(viii)] (IX) Develop any other community legacy plans or implement [(i) "Priority funding area" means an area designated as a priority funding (j) "Financial assistance" includes: (1) A grant; (2) A loan; (3) Any reduction in the principal obligation of or rate of interest payable (4) Any prepayment of interest on a subordinate or superior loan or (5) Any assurance; (6) Any guarantee; or (7) Any other form of credit enhancement. (k) "Landbanking" means the acquisition and holding of improved and (L) "NEIGHBORHOOD INTERVENTION PROJECT" MEANS A PROJECT (1) A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION TO PROVIDE (2) A LOCAL GOVERNMENT FOR THE PURPOSE OF DEMOLISHING (I) DANGEROUS FOR USE OR OCCUPANCY; (II) SO DETERIORATED THAT REHABILITATION IS NOT FEASIBLE; - 3446 -
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Volume 799, Page 3446 View pdf image |
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