HI SB1530

Conditions the conversion of Hawaii Community Development Authority (HCDA) staff financing from the revolving fund to the general fund on HCDA developing a comprehensive transition plan to transfer control of the Kakaako community development district to the City and County of Honolulu.

Requires the transition plan to include proposed enabling legislation that abolishes HCDA's authority over the Kakaako community development district and transfers control to the City and County of Honolulu by December 31, 2023.

Mandates submission of the plan and proposed legislation to the legislature no later than twenty days before the convening of the 2020 regular legislative session.

Authorizes the financing conversion to commence from the beginning of the next fiscal quarter following HCDA's satisfaction of all three requirements.

Takes effect upon approval.