Report Title:

Housing Financing Programs

Description:

Imposes a $2,000,000,000 limit on the amount of bonds authorized to be issued in connection with any program to provide housing for active or retired United States military personnel, their families, and other persons authorized to reside in such housing. (HB2181 HD1)

HOUSE OF REPRESENTATIVES

H.B. NO.

2181

TWENTY-SECOND LEGISLATURE, 2004

H.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO HOUSING FINANCING PROGRAMS.

 

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

SECTION 1. Section 201G-161, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:

"(a) The corporation, with the approval of the governor, may issue from time to time bonds (including refunding bonds to pay, retire, or provide for the retirement of bonds previously issued by the corporation) in amounts not exceeding the total amount of bonds authorized to be issued by the legislature for any of its corporate purposes[.]; provided however, that bonds may be issued in connection with any program whose primary purpose is to provide housing for active or retired United States military personnel, their families, and other persons authorized by any branch of the United States military to reside in such housing, in an amount not to exceed $2,000,000,000, and without regard to any other limitation on the amount of bonds otherwise authorized by the legislature to be issued under this part."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.