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HI HB1513
Bill
Status
1/21/2026
Primary Sponsor
Scot Matayoshi
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AI Summary
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Authorizes the issuance of reimbursable general obligation bonds in four tranches to provide additional funding for Hawaii's Condominium Loan Program, which offers low-cost financing for maintenance and repair projects.
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Appropriates funds from the condominium loan revolving fund for fiscal year 2026-2027 to implement the Condominium Loan Program, administered by the Hawaii Green Infrastructure Authority.
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Appropriates funds from the Hurricane Reserve Trust Fund to provide initial coverage of bond debt service payments.
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Expands upon Act 296 (2025), which originally established the program and authorized $20,000,000 in general obligation bonds, to meet increased program demand.
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Requires the Director of Business, Economic Development, and Tourism to reimburse the general fund from loan principal and interest payments collected.
Legislative Description
Relating To Condominiums.
Appropriation ($)
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) Quinlan excused (1).
2/20/2026