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HI HB2448

Bill

Official Source

Status

Passed

7/3/2014

Primary Sponsor

Mark Hashem

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Amends section 201H-72 to authorize the Hawaii Housing Finance and Development Corporation (HHFDC) to issue bonds for infrastructure development on land owned by eligible developers pursuing affordable housing projects approved by state or county agencies.

  • Previously, HHFDC could only issue infrastructure bonds for land owned by the corporation itself; this expands authority to include eligible developers' land.

  • Authorizes the issuance of revenue bonds in an aggregate principal amount not to exceed $125,000,000 pursuant to chapter 39 and chapter 201H, Hawaii Revised Statutes.

  • Bond revenues shall be expended by HHFDC for infrastructure development financing as authorized under amended section 201H-72.

  • Effective date: July 1, 2014.

Legislative Description

Hawaii Housing Finance and Development Corporation; Infrastructure Bonds ($)

Last Action

Act 194, 7/1/2014 (Gov. Msg. No. 1297).

7/3/2014

Committee Referrals

Ways and Means3/19/2014
Human Services3/6/2014
Finance2/6/2014
Housing1/27/2014

Full Bill Text

No bill text available