JAIMIE ROSS's Page

Housing trust funds that have a dedicated revenue source, such as the documentary stamp tax (transfer tax) that is collected in accordance with state statute, are certainly preferable to trust funds without a dedicated revenue source. But changes in political climate and budget deficits can result in legislative raids on trusts funds that are subject to legislative appropriation. Does anyone know of a trust fund with a dedicated revenue source that is NOT subject to appropriation?See More