92nd General Assembly
Summary of HB1855
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House Sponsors:

Short description: 
GRANT-LOAN ADMIN EXPENSE ACT                                               

Synopsis of Bill as introduced:
        Creates the Grant and Loan Program Administrative  Expenses  Act.      
   Provides  that when a unit of local government is entitled under State      
   or federal law or regulation to recover or retain funds  to  reimburse      
   the  unit of local government for its administrative expenses incurred      
   in the administration of a grant or loan program, the  unit  of  local      
   government will be reimbursed for indirect and direct costs.  Provides      
   that the unit of local government shall not be reimbursed for indirect      
   costs  if  that  reimbursement  is  inconsistent  with any conditions,      
   limitations, or prohibitions imposed under federal law or regulations.      
   Effective immediately.                                                      
          FISCAL NOTE (Dept. of Commerce and Community Affairs)                
          The fiscal impact of HB 1855 on DCCA to provide additional           
          monitoring for grants and loans to local governments cannot          
          be reasonably estimated at this time.                                
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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