HB1195 Summary

• Establishes the Federal Furlough Loan Program to provide interest-free loans to federal employees affected by federal shutdown furloughs, including those who are furloughed or working without pay.

• Authorizes the Department of Budget and Finance to issue loans only for current mortgage or rent payments to eligible borrowers.

• Requires loan recipients to repay loans in full within a specified number of days of receiving their retroactive federal pay.

• The loan program automatically terminates upon enactment of a federal appropriation bill to continue federal government operations.

• Appropriates an unspecified amount from general revenues of the State of Hawaii for fiscal year 2018-2019 to implement the loan program.