HI SB1142

Authorizes the director of finance to issue $50,000,000 in general obligation bonds for fiscal year 2017-2018 to deposit into the rental housing revolving fund under section 201H-202, Hawaii Revised Statutes, for development, construction, acquisition, preservation, and rehabilitation of rental housing units.

Authorizes the director of finance to issue $15,000,000 in general obligation bonds for fiscal year 2017-2018 to construct a mixed-use affordable rental housing and multi-use juvenile services and shelter center at 902 Alder Street, Honolulu, Oahu, serving runaway and homeless youth.

Authorizes the director of finance to issue $50,000,000 in general obligation bonds for fiscal year 2017-2018 for the Hawaii public housing authority to use for public housing development, improvements, and renovations.

Appropriates $9,000,000 from general revenues for fiscal year 2017-2018 to the Hawaii public housing authority for security improvements and renovation and repairs of vacant public housing units.

Allows appropriations from parts II, III, and IV to carry forward beyond the fiscal biennium, with all unencumbered funds lapsing on June 30, 2020; effective July 1, 2017.