Florida lawmakers approve first spending from $334M mortgage settlement

Florida lawmakers approved the first spending from $334 million Florida received as part of a national mortgage settlement with bankers.

BRANDON LARRABEE, THE NEWS SERVICE OF FLORIDA

TALLAHASSEE?The Legislative Budget Commission approved nearly two dozen amendments to the state budget Thursday, officially untangling some long-standing disputes with unanimous votes and minimal discussion.

Lawmakers approved the first spending from $334 million Florida received as part of a national mortgage settlement with bankers.

The amendments voted on Thursday will divvy up $60 million in funding, including $35 million for down-payment assistance, $10 million for housing counseling, $5 million for legal aid and $5 million each for state courts and the office of Attorney General Pam Bondi to deal with legal and foreclosure costs.

Bondi and the Legislature had argued about who had the authority to decide how to spend the money before they reached agreement in November.

?Floridians will now benefit from millions in down-payment assistance, housing counseling, legal aid and better funded courts for foreclosure-related issues,? Bondi said in a statement released by her office. ?I am proud that by working with the Legislature, we have ensured that the settlement funds go to the people who need it most --Florida?s homeowners.?

The panel also approved $513,884 to settle a lawsuit over artwork originally intended for the new 1st District Court of Appeal building in Tallahassee. Chief Financial Officer Jeff Atwater and his predecessor, former CFO Alex Sink, had refused to pay for historical photographs prepared by Signature Art Gallery, a Tallahassee firm, for the opulent building derisively known as the ?Taj Mahal? courthouse.

That refusal prompted a series of legal disputes that engulfed the Department of Management Services, the Department of Financial Services, Atwater and Peter R. Brown Construction, which subcontracted the work to Signature Art Gallery.

Source: http://feeds.bizjournals.com/~r/bizj_jacksonville/~3/TiHTWmw1Dlc/florida-lawmakers-approve-mortgage.html

pippa middleton space shuttle discovery spacex tupac hologram tupac back tax deadline death race