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HI HB923
Bill
Status
7/12/2023
Primary Sponsor
Troy Hashimoto
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AI Summary
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Amends Section 39B-2 to require counties to exhaust their annual state ceiling allocation before requesting additional allocations from the State.
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Requires that when a county assigns its private activity bond allocation to the State, those bonds must first be awarded to projects located in that county before being awarded to projects in other counties.
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Mandates that projects seeking private activity bond financing must first apply to their county of location (if the county has a bond issuance program) before requesting State allocation.
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Amends Section 39B-4 to require county directors of finance to report unused or unassigned allocations to both the department of budget and finance and Hawaii Housing Finance and Development Corporation by November 15 each year.
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Effective July 1, 2050.
Legislative Description
Relating To Bonds.
Counties
Last Action
Became law without the Governor's signature, Act 262, 07/11/2023, (Gov. Msg. No. 1376).
7/12/2023