HI HCR149

Requests the State Auditor to conduct an audit of cash in lieu payments made by developers in place of constructing reserved housing units, as authorized under Hawaii Revised Statutes section 206E-4(18).

Audit period covers 2010 to present and must include total moneys collected, the fund where revenues were deposited, detailed expenditure records, and the amount used to fund reserved housing construction.

Requires the audit to identify the number of reserved housing units delivered using cash in lieu payment revenues and their locations.

Auditor must submit findings and recommendations to the Legislature no later than twenty days before the 2021 Regular Session convenes.

Addresses concern that no law or administrative rule clearly prescribes how cash in lieu payment revenue should be spent or reported, and past testimony provided no accounting of these payments.