HI SB40

Authorizes the Hawaii Housing Finance and Development Corporation (HHFDC) to utilize revenue bonds when securing a line of credit or other instrument of indebtedness

Sets a maximum borrowing limit of $300,000,000 during the fiscal biennium from July 1, 2025 through June 30, 2027

Funding supports the bond volume cap recycling program under section 39B-2(f) of Hawaii Revised Statutes to meet federal tax law requirements

Effective date set as July 1, 3000 (placeholder date indicating further legislative action needed)