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HI HB1185
Bill
Status
1/25/2023
Primary Sponsor
Nadine Nakamura
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AI Summary
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Authorizes the Director of Finance to issue general obligation bonds for fiscal year 2023-2024 to support statewide planning and coordination of transit-oriented development projects identified in the state strategic plan.
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Appropriates bond proceeds to the Department of Business, Economic Development, and Tourism for planning of state and county transit-oriented development projects, which have been focused on twenty projects advancing mixed-use and affordable housing developments.
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Allows appropriated funds to carry forward beyond the fiscal biennium, with any unencumbered moneys lapsing on June 30, 2026.
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Finds that transit-oriented development promotion is essential for economic development and affordable housing; notes that since 2016, thirteen state and county agencies have received planning funds that have exceeded available appropriations each year.
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Takes effect July 1, 3000 (apparent drafting error).
Legislative Description
Relating To Transit-oriented Development.
Appropriation ($)
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 none excused (0).
2/15/2023