Bill Text: HI HB2743 | 2018 | Regular Session | Amended

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Bill Title: Authorizing The Issuance Of General Obligation Bonds For Affordable Housing.

Spectrum: Partisan Bill (Democrat 27-1)

Status: (Introduced - Dead) 2018-02-15 - 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) DeCoite, Ing, McDermott, Nakamura, Souki, Todd excused (6). [HB2743 Detail]

Download: Hawaii-2018-HB2743-Amended.html

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HOUSE OF REPRESENTATIVES	H.B. NO.	2743
TWENTY-NINTH LEGISLATURE, 2018		H.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

 

 

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR AFFORDABLE HOUSING.

 

 

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

 

     SECTION 1.  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 2018-2019 for deposit into the dwelling unit revolving fund established by section 201H-191, Hawaii Revised Statutes.

     SECTION 2.  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 2018-2019 for deposit into the rental housing revolving fund established by section 201-202, Hawaii Revised Statutes.

     SECTION 3.  The appropriations made by this Act shall not lapse at the end of the fiscal biennium for which the appropriations are made; provided that all moneys from the appropriations unencumbered as of June 30, 2020, shall lapse as of that date.

     SECTION 4.  This Act shall take effect on January 1, 2050.

 

Report Title:

GO Bonds; Dwelling Unit Revolving Fund; Rental Housing Revolving Fund

 

Description:

Authorizes the issuance of general obligation bonds with the funds to be deposited into the Dwelling Unit Revolving Fund and the Rental Housing Revolving Fund.  (HB2743 HD1)

 

 

 

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