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HI HB1408

Bill

Official Source

Status

Engrossed

3/4/2025

Primary Sponsor

Mahina Poepoe

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Allows the Department of Hawaiian Home Lands to utilize the Dwelling Unit Revolving Fund as collateral when borrowing under section 184A of the Housing and Community Development Act of 1992, as amended, subject to Hawaii Housing Finance and Development Corporation approval.

  • Amends section 201H-191, Hawaii Revised Statutes, to add a new subsection (c) permitting this collateral arrangement notwithstanding the Hawaiian Homes Commission Act of 1920.

  • Appropriates unspecified sums from general revenues to the Dwelling Unit Revolving Fund for fiscal years 2025-2026 and 2026-2027.

  • Appropriates unspecified sums from the Dwelling Unit Revolving Fund for fiscal years 2025-2026 and 2026-2027 to serve as collateral for federal loan guarantees to develop residential homestead lots and housing units.

  • Takes effect July 1, 3000 (apparent clerical error in effective date).

Legislative Description

Relating To The Department Of Hawaiian Home Lands.

Appropriation ($)

Last Action

The committee on HOU deferred the measure.

3/18/2025

Committee Referrals

Housing3/6/2025
Finance2/14/2025
Judiciary & Hawaiian Affairs2/3/2025
Housing1/27/2025

Full Bill Text

No bill text available