HI SB1184

Establishes an infrastructure development loan revolving fund to be administered by the director of finance under Chapter 36, Hawaii Revised Statutes.

Fund provides no-interest loans for development, pre-development, or construction of infrastructure projects that support transit-oriented development, particularly those involving affordable housing.

Permitted uses include planning, design, land acquisition, options, agreements of sale, and infrastructure-related services; prioritizes projects that increase regional or collector system infrastructure capacity over those serving specific limited properties.

Fund sources include legislative appropriations, private contributions, loan repayments, federal funds, and other sources; a portion may be used for department administrative expenses.

Department of Budget and Finance must submit annual reports to the legislature describing funded projects and received applications.