§431:22-102 - Loss mitigation grant fund.

     §431:22-102  Loss mitigation grant fund.  (a)  There is established a special fund to be designated as the loss mitigation grant fund.  Moneys transferred to the loss mitigation grant fund may be expended by the commissioner to carry out the commissioner's duties and obligations under this article.  Disbursements from the loss mitigation grant fund shall not be subject to chapter 42F or 91.

     (b)  The loss mitigation grant fund may be used by the commissioner to make loss mitigation grants authorized under this article.  The loss mitigation grant fund shall also be used by the commissioner to pay for any administrative and operational costs, including personnel costs and marketing costs, associated with a loss mitigation grant program.  Any law to the contrary notwithstanding, the commissioner may use the moneys in the loss mitigation grant fund to employ or retain, by contract or otherwise, without regard to chapters 76 and 78, necessary professional, expert, managerial, technical, and support personnel to implement and carry out the purposes of this article.

     (c)  The commissioner shall prepare an annual report to the director, governor, and the legislature on the use of the loss mitigation grant fund.  The report shall provide statistical information on program participation.  The report shall be submitted to the legislature no later than twenty days prior to the convening of each regular legislative session. [L 2002, c 179, pt of §3; am L 2004, c 216, §44]