HI HB1236

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 the aggregate investment limit from a tiered structure (2% per single investment, 5% aggregate, 10% maximum) to a single cap of 2% 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 on June 30, 3000, with a sunset provision on June 30, 2025, at which point the prior statutory language is reenacted.