CONFERENCE COMMITTEE REP. NO. 9-14

 

Honolulu, Hawaii

                 , 2014

 

RE:    H.B. No. 2251

       H.D. 1

       S.D. 1

       C.D. 1

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

 

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

 

Sir and Madam:

 

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2251, H.D. 1, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE HOUSING LOAN AND MORTGAGE PROGRAM,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this measure is to ensure that the Housing Loan and Mortgage Program, commonly known as the Hula Mae Multifamily Revenue Bond Program, can continue to finance the development and preservation of affordable rental housing in future years by increasing the Hula Mae Multifamily Revenue Bond Program authorization limit.

 

     Your Committee on Conference has amended this measure by:

 

(1)  Changing its effective date to July 1, 2014; and

 

(2)  Changing the proposed Hula Mae Multifamily Revenue Bond Program revenue bond authorization limit from $750,000,000 to $1,000,000,000.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2251, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2251, H.D. 1, S.D. 1, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE SENATE

 

ON THE PART OF THE HOUSE

 

____________________________

SUZANNE CHUN OAKLAND, Chair

 

____________________________

MARK J. HASHEM, Co-Chair

____________________________

MICHELLE N. KIDANI, Co-Chair

 

____________________________

JUSTIN H. WOODSON, Co-Chair