S.R. No. 179 Summary

• Request the State Auditor to conduct an audit of cash-in-lieu payments authorized under Hawaii Revised Statutes section 206E-4(18), which allows developers to pay money instead of providing reserved housing units for low- and moderate-income residents.

• Audit period covers 2010 to present and must include: total monies collected, fund deposits and balances, detailed expenditure records, amount used for reserved housing construction, and number of units delivered with these revenues.

• Address concerns that no law or administrative rule specifically prescribes how cash-in-lieu payment revenues shall be spent, and no reports on these funds have been transmitted to the Legislature.

• Auditor must submit findings and recommendations to the Legislature no later than 20 days before the 2021 Regular Session convenes.

• Certified copies to be transmitted to the State Auditor and Chairperson of the Hawaii Community Development Authority.