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HI SB40
Bill
Status
3/4/2025
Primary Sponsor
Stanley Chang
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AI Summary
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Authorizes the Hawaii Housing Finance and Development Corporation (HHFDC) to utilize revenue bonds when securing a line of credit or other instrument of indebtedness
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Limits the authorization to an amount not exceeding $300,000,000 during the fiscal biennium beginning July 1, 2025, and ending June 30, 2027
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Enables the revenue bonds to meet requirements of federal tax law for the bond volume cap recycling program under Hawaii Revised Statutes section 39B-2(f)
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Takes effect on July 1, 3000 (as written in the bill)
Legislative Description
Relating To State Finances.
Revenue Bonds
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).
3/18/2025