Report Title:

Relating to Housing Financing Programs

Description:

Removes limit on amount of bonds authorized to be issued if bonds are 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.

THE SENATE

S.B. NO.

2293

TWENTY-SECOND LEGISLATURE, 2004

 

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 the primary purpose of which 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, without regard to any 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 Statutory material to be repealed is bracketed and stricken.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.

INTRODUCED BY:

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