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HI SB1312
Bill
Status
1/24/2019
Primary Sponsor
Stanley Chang
Click for details
AI Summary
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Increases the Hawaii Housing Finance and Development Corporation's authorization to issue Hula Mae multifamily revenue bonds from $1,500,000,000 to an unspecified amount for affordable rental housing programs.
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Allows the Hawaii Housing Finance and Development Corporation to issue revenue bonds in aggregate principal amounts it deems advisable for funding or purchasing eligible project loans under chapter 201H, Hawaii Revised Statutes.
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Amends Act 291 (Session Laws of Hawaii 1980) and its subsequent amendments to modify section 11 regarding revenue bond issuance authority.
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Effective date is July 1, 2050.
Legislative Description
Relating To The Housing Loan And Mortgage Program.
Housing Loan
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/15/2019