HI SB764

Amends Hawaii Revised Statutes Section 412:5-305(h) to allow banks to invest in limited partnerships, limited liability companies, and corporations that develop low-income housing tax credit properties.

Changes aggregate investment limit from a tiered structure (5% of capital and surplus without approval, 10% maximum) to a single 2% limit of the bank's total assets without Commissioner approval.

Requires prior approval from the Commissioner of Financial Institutions for banks to exceed the 2% aggregate investment threshold.

Takes effect July 1, 2050.