Bill Text: HI HB1130 | 2021 | Regular Session | Amended


Bill Title: Relating To Transit-oriented Development.

Spectrum: Partisan Bill (Democrat 22-0)

Status: (Introduced) 2021-02-26 - The committees on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Luke, Cullen, Branco, Eli, Holt, Ilagan, B. Kobayashi, Marten, Perruso, Sayama, Tam, Wildberger, Yamashita, McDermott; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Nishimoto. [HB1130 Detail]

Download: Hawaii-2021-HB1130-Amended.html

HOUSE OF REPRESENTATIVES

H.B. NO.

1130

THIRTY-FIRST LEGISLATURE, 2021

H.D. 2

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO TRANSIT-ORIENTED DEVELOPMENT.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 


     SECTION 1.  The legislature finds that adequate public infrastructure capacity is critical to increasing affordable housing stock, economic opportunity, and community well-being in transit-oriented development areas.  Infrastructure deficits hinder and delay public and private investment in affordable housing projects in transit-oriented communities.  Key barriers to the timely delivery of public infrastructure are lack of funding, competing demands for limited public funds, and the multiplicity of entities responsible for the planning and construction of the infrastructure systems needed to support communities.

     The legislature further finds that in overcoming these barriers, there is a need to find ways to maximize the use of value capture mechanisms to help offset the significant upfront costs of public infrastructure investment and effectively cost‑share infrastructure investments among parties that benefit from the value created by those investments.

     The legislature also finds that effective cost-sharing and use of value capture mechanisms require interagency, often interjurisdictional, agreements as to responsibilities, timing of infrastructure investment and delivery, and cost recovery, for successful infrastructure delivery and maintenance.

     The purpose of this Act is to:

     (1)  Require the office of planning to hire a contractor to, among other things, identify and assess alternative financing, project delivery, and cost recovery mechanisms to recapture the State's upfront investment in transit-oriented development infrastructure;

     (2)  Require the contractor to consult with representatives of certain government entities in conducting the study;

     (3)  Require the office of planning to report to the legislature on its findings and recommendations; and

     (4)  Authorize the issuance of general obligation bonds.

     SECTION 2.  (a)  The office of planning shall hire a contractor who shall work with the office of planning to:

     (1)  Identify and assess alternative financing, project delivery, and cost recovery mechanisms to recapture the State's upfront investment in transit-oriented development infrastructure;

     (2)  Apply the most promising financing, cost recovery, and project delivery tools to one transit-oriented development site in each county;

     (3)  Analyze barriers and strategies to implement alternative financing, project delivery, and cost recovery mechanisms for transit-oriented development; and

     (4)  Make recommendations, including any proposed legislation, needed to implement the tools listed in paragraph (2) for transit-oriented development.

     (b)  The contractor hired pursuant to subsection (a) shall consult with the following persons in carrying out the duties listed in subsection (a):

     (1)  The director of planning;

     (2)  The executive director of the Hawaii housing finance and development corporation;

     (3)  The chief of staff of the office of the governor;

     (4)  The director of budget and finance;

     (5)  The executive director of the Hawaii community development authority;

     (6)  The house of representatives capital improvement projects manager;

     (7)  The senate capital improvement projects manager;

     (8)  One member of the house of representatives to be designated by the speaker of the house of representatives;

     (9)  One member of the senate to be designated by the president of the senate; and

    (10)  The mayor of each county.

     (c)  The office of planning shall submit a report of its findings and recommendations, including any proposed legislation, to the legislature no later than twenty days prior to the convening of the regular session of 2023.

     SECTION 3.  The director of finance is authorized to issue general obligation bonds in the sum of $           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 2021-2022 to the office of planning to carry out the duties listed in section 2 of this Act.

     SECTION 4.  The director of finance is authorized to issue general obligation bonds in the sum of $           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 2022-2023 to the office of planning to carry out the duties listed in section 2 of this Act.

     SECTION 5.  The appropriation made for the project 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, 2024, shall lapse as of that date.

     SECTION 6.  This Act shall take effect on July 1, 2050.



 

Report Title:

Transit-oriented Development; Alternative Financing; Report; General Obligation Bonds

 

Description:

Requires the office of planning to hire a contractor to, among other things, identify and assess alternative financing, project delivery, and cost recovery mechanisms to recapture the State's upfront investment in transit-oriented development infrastructure.  Requires the contractor to consult with representatives of certain government entities.  Requires the office of planning to report its findings to the legislature.  Authorizes the issuance of general obligation bonds.  Effective 7/1/2050.  (HD2)

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.

 

 

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