HI HB1139

Establishes a statutory deadline for the Hawaii Housing Finance and Development Corporation (HHFDC) to award funds in response to consolidated applications, though the specific number of days is left blank in the bill text.

Requires funds to be awarded no later than a specified number of days after the consolidated application deadline, or no later than a specified number of days after filing if the corporation has not established a deadline.

Amends Chapter 201H, Hawaii Revised Statutes, to modify the title of Part IV regarding expenditures of revolving funds under the corporation.

Affirms that revolving funds administered by HHFDC under specific financing programs may be expended without annual legislative appropriation or allotment, subject to available fund balances.

Effective upon approval and does not affect rights, duties, or penalties that existed prior to the bill's effective date.