HI HB2080

Authorizes the director of finance to transfer tax-exempt general obligation bond proceeds and accrued interest from the rental housing revolving fund to the dwelling unit revolving fund for fiscal year 2022-2023.

Addresses the limited usefulness of tax-exempt bond funds in the rental housing revolving fund, as federal regulations prohibit using these funds for projects that also utilize low-income housing tax credits.

Allows transferred funds to be used for public infrastructure projects, which is an authorized use of the dwelling unit revolving fund but not the rental housing revolving fund.

Takes effect on July 1, 2050.