Loading chat...
HI HB2219
Bill
Status
1/26/2022
Primary Sponsor
Dale Kobayashi
Click for details
AI Summary
-
Establishes the Bank of the State of Hawaii working group within the Department of Commerce and Consumer Affairs to develop proposed legislation for a state-operated bank.
-
Working group shall conduct a comprehensive review of Hawaii's laws relating to financial institutions, mortgage lending, housing development, agricultural development, and land use.
-
Working group membership consists of the Attorney General, Comptroller, Director of Finance, one House member appointed by the Speaker, and one Senate member appointed by the Senate President.
-
Working group must submit findings, recommendations, and proposed legislation to the legislature by January 1, 2023, including a graduated schedule for transferring state funds from current depository financial institutions to the proposed state bank.
-
Appropriates unspecified general revenue funds for fiscal year 2022-2023 to the Department of Commerce and Consumer Affairs for implementation, effective July 1, 2022.
Legislative Description
Relating To A Bank Of The State Of Hawaii.
Appropriation ($)
Last Action
Passed Second Reading and referred to the committee(s) on CPC with Representative(s) Okimoto voting aye with reservations; none voting no (0) and Representative(s) Luke, McDermott excused (2).
2/9/2022