HI HB1733

Increases the Hula Mae Multifamily Revenue Bond authorization ceiling from $3,000,000,000 to a new amount (left blank in current draft) to continue financing affordable rental housing statewide.

Clarifies that revenue bonds treated as refunding bonds under the Internal Revenue Code do not count against the authorized aggregate principal amount.

Amends Act 291, Session Laws of Hawaii 1980, which governs the Hawaii Housing Finance and Development Corporation's revenue bond issuance authority.

Addresses Hawaii's affordable housing crisis by expanding the State's capacity to assist residents in obtaining affordable rental housing.

Effective date set as July 1, 3000 (placeholder date indicating the specific effective date is yet to be determined).