§ 17-104. Local Housing Assistance Trust Fund.

(a)

The Local Housing Assistance Trust Fund is hereby created and established.

(b)

All local housing distributions of SHIP Program funds received by Miami-Dade County, other funds received or budgeted to provide funding for the Local Housing Assistance Program and funds generated from Local Housing Assistance Program activities such as earned interest on loans shall be deposited into the Local Housing Assistance Trust Fund. The Local Housing Assistance Trust Fund shall be operated in compliance with Sections 420.907 through 420.9079 of the Florida Statutes, Chapter 9I-37 Florida Administrative Code and SHIP Program requirements.

(c)

Investment earnings, if any, from the moneys on deposit in the Local Housing Assistance Trust Fund shall be retained in such fund and for the purposes provided thereof.

(d)

The Local Housing Assistance Trust Fund shall be separately stated as a special revenue fund in the County's audited financial statements. Copies of such audited financial statements shall be forwarded to the Florida Housing Finance Agency.

(Ord. No. 95-70, § 4, 4-18-95)