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HI HB660
Bill
Status
3/7/2017
Primary Sponsor
Tom Brower
Click for details
AI Summary
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Establishes an infrastructure development loan subaccount within the existing dwelling unit revolving fund to provide loans to developers for financing infrastructure costs of housing development projects.
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Requires the Hawaii Housing Finance and Development Corporation to adopt rules under chapter 91 establishing application procedures, acceptance criteria, and terms and conditions for infrastructure development loans.
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Appropriates $50,000,000 from general revenues for fiscal year 2017-2018 into the infrastructure development loan subaccount.
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Appropriates $50,000,000 from the infrastructure development loan subaccount for fiscal year 2017-2018 to be expended by the Hawaii Housing Finance and Development Corporation for infrastructure development loans.
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Takes effect on July 1, 2030.
Legislative Description
Relating To An Infrastructure Development Loan Revolving Fund.
Appropriation ($)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
3/24/2017