Source: http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=SB194%20SUB1.htm&yr=2005&sesstype=RS&i=194
Timestamp: 2018-03-17 07:40:30
Document Index: 765289696

Matched Legal Cases: ['§11', '§11', '§31', '§31', '§31', '§31', '§11', '§11']

SB194 SUB1 Senate Bill 194 History
SB194 SUB1
(By Senators McCabe, Yoder, Foster, Sharpe, Jenkins and
reported March 15, 2005.]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-15-4c; to amend and reenact §11-22-2 of said code; and to amend and reenact §31-18D-5, §31-18D-6, §31-18D-7 and §31-18D-9 of said code, all relating to the West Virginia Affordable Housing Trust Fund generally; imposing a fee of twenty dollars on the transfer of real property in addition to the excise tax imposed on real property transfers; imposing a fee of twenty dollars in addition to the consumers sales tax on sales of mobile homes; dedicating the revenues from the additional fees to the West Virginia Affordable Housing Trust Fund; authorizing expenditures for administrative and operating expenses; changing the composition of the Board of Directors of the West Virginia Affordable Housing Trust Fund by reducing the number of members appointed representing nonprofit organizations; adding additional members representing real estate and manufactured housing groups; reducing the number of votes necessary for Board action; providing that the West Virginia Housing Development Fund shall establish best practices for recipients of trust fund moneys; permitting trust fund moneys to be used for initial operational expenses of local governmental programs to reduce substandard housing or inappropriate land use patterns; and eliminating certain restrictions on application procedures for trust fund moneys.
§11-15-4c. Collection of fee in addition to the consumer sales tax for sales of mobile homes; deposit of additional fee in West Virginia Affordable Housing Development Trust Fund.
§11-15-4c is new; therefore, strike-throughs and underscoring have been omitted.