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HI HB616
Bill
Status
1/23/2023
Primary Sponsor
Nadine Nakamura
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AI Summary
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Amends Act 88, Session Laws of Hawaii 2021 (as amended by Act 248, Session Laws of Hawaii 2022) to modify appropriations for the Hawaii Housing Finance and Development Corporation.
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Specifies that $5,000,000 in general fund appropriation for fiscal year 2022-2023 shall be deposited into the affordable homeownership revolving fund established under Hawaii Revised Statutes section 201H-206.
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Broadens the allowable uses of the funds from specifically providing loans to nonprofit community development financial institutions and nonprofit housing development organizations to general purposes for which the revolving fund is established.
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Provides that appropriated moneys shall not lapse at the end of fiscal year 2022-2023, but any unencumbered funds remaining shall lapse on June 30, 2024.
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Takes effect upon approval.
Legislative Description
Relating To The Affordable Housing Revolving Fund.
State Budget
Last Action
Carried over to 2024 Regular Session.
12/11/2023