Bill Text: HI SB2034 | 2024 | Regular Session | Amended
Bill Title: Relating To Housing.
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: (Introduced) 2024-02-09 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. [SB2034 Detail]
Download: Hawaii-2024-SB2034-Amended.html
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THE SENATE |
S.B. NO. |
2034 |
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THIRTY-SECOND LEGISLATURE, 2024 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO HOUSING.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The sum appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this Act.
SECTION 2. The director of finance is authorized to issue general obligation bonds in the sum of $1,000,000,000 or so much thereof as may be necessary and the same sum or so much thereof as may be necessary is appropriated for fiscal year 2024-2025 for the purpose of financing projects for the Hawaii public housing authority for housing that is exclusively for qualified residents as defined in section 201H-32, Hawaii Revised Statutes.
The sum appropriated shall be expended by the Hawaii public housing authority for the purposes of this Act.
SECTION 3. The appropriations made for the capital improvement projects authorized by this Act shall not lapse at the end of the fiscal biennium for which the appropriation is made; provided that all moneys from the appropriation unencumbered as of June 30, 2026, shall lapse as of that date.
SECTION 4. This Act shall take effect on July 1, 2024.
Report Title:
HHFDC; HPHA; Affordable Housing; General Obligation Bonds; Issuance; Appropriations
Description:
Authorizes the issuance of general obligation bonds for the Hawaii Housing Finance and Development Corporation's and Hawaii Public Housing Authority's projects to develop housing exclusively for qualified residents. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
