Report Title:

Dwelling Unit Revolving Fund; Appropriation

Description:

Appropriates moneys for the dwelling unit revolving fund to provide affordable housing and related infrastructure.

THE SENATE

S.B. NO.

3126

TWENTY-SECOND LEGISLATURE, 2004

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

making an appropriation for the dwelling unit revolving fund.

 

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

SECTION 1. There is appropriated out of the general revenues of the State of Hawaii the sum of $100,000,000 for fiscal year 2004-2005, to be paid into the dwelling unit revolving fund created in section 201G-411, Hawaii Revised Statutes.

The sum appropriated by this Act shall be expended by the department of business, economic development, and tourism for the purposes of the fund, including providing affordable housing and related infrastructure.

SECTION 2. This Act shall take effect on July 1, 2004.

INTRODUCED BY:

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