HI HB277

Amends section 46-80.1 to allow counties to request the State issue revenue bonds under section 201H-72 to finance special improvements in community facilities districts, in addition to county-issued bonds.

Modifies section 201H-72 to authorize the Hawaii housing finance and development corporation to issue bonds for infrastructure development for land owned by eligible developers whose housing projects require construction of affordable housing.

Enables counties to use community facilities districts as a repayment mechanism for infrastructure development loans administered by the Hawaii housing finance and development corporation.

Takes effect on July 1, 2015.