HI HR129

Requests the State Auditor to conduct an audit of cash in lieu payments made by developers as an alternative to providing reserved housing units, 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, amount of revenues used for reserved housing construction, and number of reserved housing units delivered using these revenues.

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

Addresses concern that no clear law specifies how cash in lieu payment revenues should be expended or which fund receives the deposits, despite the stated purpose of increasing housing supply for low- and moderate-income households.

Directs transmission of certified copies of the resolution to the State Auditor and Chairperson of the Hawaii Community Development Authority.