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HI HB2395
Bill
Status
1/26/2022
Primary Sponsor
Troy Hashimoto
Click for details
AI Summary
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Authorizes the director of finance to issue general obligation bonds for the rental housing revolving fund to support affordable housing development for native Hawaiian beneficiaries.
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Directs funds to redevelop the Department of Hawaiian Home Lands property at 820 Isenberg Street, Honolulu (former Stadium Bowl-O-Drome bowling alley site), a 1.9-acre lot projected to cost approximately $137,000,000.
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Appropriates bond proceeds and rental housing revolving fund moneys to the Hawaii Housing Finance and Development Corporation for fiscal year 2022-2023 to finance the project.
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Specifies that appropriated funds shall not lapse at the end of the fiscal biennium, except that unencumbered moneys as of June 30, 2024 shall lapse on that date.
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Act takes effect June 1, 2050.
Legislative Description
Authorizing The Issuance Of General Obligation Bonds For Affordable Housing.
Department of Hawaiian Home Lands
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) McKelvey excused (1).
2/15/2022