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HI SB809
Bill
Status
1/18/2013
Primary Sponsor
Suzanne Chun Oakland
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AI Summary
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Authorizes issuance of taxable general obligation bonds for construction and improvement of low- and moderate-income housing projects throughout Hawaii, including projects on private land
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Appropriates $21,000,000 from general funds for fiscal years 2013-2014 and 2014-2015 to cover debt service on the taxable general obligation bonds
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Addresses federal law restrictions that prohibit tax-exempt bond proceeds from financing projects on private land by utilizing taxable bonds instead
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Recommended for passage by the Committees on Economic Development, Government Operations and Housing and Human Services with amendments for clarity and consistency
Legislative Description
Taxable General Obligation Bonds; Low- and Moderate-income Housing; Hawaii Housing Finance and Development Corporation; Debt Servicing ($)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/12/2013