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HI SB2054
Bill
AI Summary
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Allows Hawaii Housing Finance and Development Corporation (HHFDC) to establish regional state infrastructure subaccounts within the dwelling unit revolving fund upon county request for housing and mixed-use transit-oriented development projects.
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Permits costs of regional infrastructure improvements to be assessed against transit-oriented development projects that specifically benefit from those improvements.
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Requires the Hawaii Interagency Council for Transit-Oriented Development to review and make recommendations on applications for subaccount funds for infrastructure projects related to transit-oriented development.
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Regional infrastructure subaccounts funded by county loan repayments, legislative appropriations, federal grants, private investments, and voluntary contributions; revenues used for grants and loans for infrastructure improvements including sewer, water, drainage, roads, and broadband systems.
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Takes effect on July 1, 2050.
Legislative Description
Relating To Infrastructure Improvement Districts.
Infrastructure Improvements
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on WLH with none voting aye with reservations; none voting no (0) and Representative(s) Gates, McDermott, Thielen excused (3).
3/13/2020