SB 25-313: Proposition 123 Revenue Uses

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Proposition 123, which was approved by the voters at the 2022 statewide election, created the affordable housing support fund (fund) and continuously appropriated money from the fund to the division of housing within the department of local affairs (department) for enumerated uses relating to an affordable home ownership program and a program serving persons experiencing homelessness and to the division of local government, also within the department, for enumerated uses relating to a local planning capacity development program. A specified percentage of money from the fund is allocated for the implementation of each program, and from each allocated percentage the division of housing or the division of local government, as applicable, is permitted to use up to 5% to pay for the direct and indirect costs of administering each program. Beginning in state fiscal year 2026-27, the act makes the expenditure of up to 5% of the money from each program's allocation of funding for administration of each program subject to annual appropriation by the general assembly and clarifies how that 5% amount is calculated. The act also allows the division of housing, subject to annual appropriation by the general assembly, to expend money under the program serving persons experiencing homelessness for: Capital needs at 2 state-owned supportive residential communities for persons experiencing homelessness (supportive residential communities); and Direct and indirect costs of operating the 2 supportive residential communities. Proposition 123 also included a prohibition on the general assembly appropriating funds from the fund and the affordable housing financing fund to supplant other state support for affordable housing projects. The act clarifies when appropriations from the fund and the affordable housing financing fund would violate this prohibition. (Note: This summary applies to this bill as enacted.)

Sponsors

Sponsors by party (alphabetical): Democratic 5 · Republican 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. May 30, 2025Governor Signed
2. May 13, 2025Sent to the Governor
3. May 13, 2025Signed by the President of the Senate
4. May 13, 2025Signed by the Speaker of the House
5. May 2, 2025House Third Reading Passed - No Amendments
6. May 1, 2025House Committee on Appropriations Refer Unamended to House Committee of the Whole
7. May 1, 2025House Second Reading Special Order - Passed - No Amendments
8. April 30, 2025Senate Third Reading Passed - No Amendments
9. April 30, 2025Introduced In House - Assigned to Appropriations
10. April 29, 2025Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
11. April 29, 2025Senate Second Reading Special Order - Passed - No Amendments
12. April 24, 2025Introduced In Senate - Assigned to Appropriations