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HI HB1063
Bill
Status
4/12/2011
Primary Sponsor
Calvin Say
Click for details
AI Summary
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Amends Section 214(b)(5) of the Hawaiian Homes Commission Act, 1920 to increase the borrowing and guarantee limit for the Department of Hawaiian Home Lands from $50,000,000 to an unspecified amount.
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Allows the department to secure, pledge, or guarantee repayment of moneys borrowed from government agencies or private lending institutions to support its housing loan programs for Hawaiian Home Lands lessees.
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Ensures the department's guarantee of repayment serves as adequate security for loans under any state law governing loan security requirements.
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Effective date set for July 1, 2117.
Legislative Description
Loans made to Hawaiian Home Lands lessees
Last Action
(H) Received notice of Senate conferees (Sen. Com. No. 648).
4/19/2011