Bill Text: HI HB2629 | 2020 | Regular Session | Introduced
Bill Title: Relating To Hawaii Housing Finance And Development Corporation.
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Introduced - Dead) 2020-02-13 - 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) Eli, Har excused (2). [HB2629 Detail]
Download: Hawaii-2020-HB2629-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2629 |
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THIRTIETH LEGISLATURE, 2020 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
Relating to Hawaii HOUSING Finance and Development Corporation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 201H, Hawaii Revised Statutes, is amended by amending the title of part IV to read:
"[[]PART IV.[]] EXPENDITURES OF REVOLVING FUNDS UNDER THE
CORPORATION [EXEMPT FROM APPROPRIATION AND ALLOTMENT]
SECTION 2. Section 201H-211, Hawaii Revised Statutes, is amended to read as follows:
"§201H-211
Expenditures of revolving funds under the corporation exempt from
appropriation and allotment[.]; deadline to award funds. (a) Except as to administrative expenditures, and
except as otherwise provided by law, expenditures from the revolving funds
administered by the corporation under subparts I and J of part III, relating to
financing programs, or section 201H‑80 or 201H-123 may be made by the
corporation without appropriation or allotment by the legislature; provided
that no expenditure shall be made from and no obligation shall be incurred
against any revolving fund in excess of the amount standing to the credit of
the fund or for any purpose for which the fund may not lawfully be expended.
(b) Funds from the revolving funds administered by
the corporation under subparts I and J of part III, relating to financing
programs, or section 201H‑80 or 201H-123 awarded in response to the filing
of a consolidated application, shall be awarded no later than sixty days after the
deadline to file the consolidated application or no later than sixty days after
the filing of a duly submitted consolidated application if no deadline has been
established by the corporation.
(c) Nothing in sections 37-31 to 37-41 shall require the proceeds of the revolving funds identified in subparts I and J of part III, or section 201H-80 or 201H-123 to be reappropriated annually."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
HHFDC; Affordable Housing; Award Deadline
Description:
Requires the Hawaii Housing Finance and Development Corporation to award funds no later than 60 days after the deadline to file a consolidated application or no later than 60 days after the filing of a duly submitted consolidated application if no deadline has been established by the corporation.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
