Loading chat...

HI HB1389

Bill

Official Source

Status

Introduced

1/24/2019

Primary Sponsor

Gene Ward

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Modifies the Hawaiian Homes Commission Act, 1920 to require that all leases for "available lands" conform to the requirements for securitization by federally insured lending programs such as Fannie Mae or Freddie Mac

  • Addresses funding barriers for Native Hawaiians with land leases under the Hawaiian Homes Commission Act by modernizing lease language to meet federal lending standards

  • Adds new statutory language requiring land leases to comply with federally insured lending program requirements notwithstanding any other provision of the Hawaiian Homes Commission Act

  • Takes effect upon approval

Legislative Description

Relating To Leases.

Leases

Last Action

Carried over to 2020 Regular Session.

12/1/2019

Committee Referrals

Water, Land, & Hawaiian Affairs1/28/2019

Full Bill Text

No bill text available