HB 79 Summary

• Reclassifies the tourism emergency trust fund as a special fund and renames it the tourism emergency special fund, as recommended by Auditor's Report No. 14-13

• Reclassifies housing loan program revenue bond and housing project bond special funds as revolving funds, including the rental housing system fund, single family mortgage purchase fund, and multi-family fund

• Repeals the pineapple workers and retirees housing assistance fund, public facility revenue bond special fund (entire chapter 206E part IV), and capital formation revolving fund (entire chapter 211G)

• Reclassifies the rental housing trust fund as a revolving fund and updates all related statutory references

• Repeals the statewide geospatial information and data integration special fund and fee simple residential revolving fund, with unencumbered balances lapsing to the general fund on July 1, 2015; effective July 1, 2050