For the costs incurred by the division of banks associated with licensure of loan originators under
chapter 255F of the General Laws; provided, that the division may expend revenues of not more than $1,550,000 from the revenue received from administrative fees associated with the licensure fees and from civil administrative penalties collected under said
chapter 255F; provided further, that the division may expend from such revenue an amount to be determined by the commissioner of banks as grants for the operation of a program for best lending practices, first-time homeowner counseling for nontraditional loans and not less than 10 foreclosure education centers under
section 16 of chapter 206 of the acts of 2007; provided further, that the grants shall be awarded through a competitive application process under criteria established by the division; and provided further, that notwithstanding any general or special law to the contrary, for the purpose of accommodating timing discrepancies between the receipt of retained revenues and related expenditures, the division may incur expenses and the comptroller may certify for payment amounts not to exceed the lower of this authorization or the most recent revenue estimate as reported in the state accounting system
