STAND. COM. REP. NO. 26
RE: S.B. No. 14
Honorable Ronald D. Kouchi
President of the Senate
Thirtieth State Legislature
Regular Session of 2019
State of Hawaii
Your Committee on Housing, to which was referred S.B. No. 14 entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"
begs leave to report as follows:
The purpose and intent of this measure is to appropriate or authorize funds or amend means of financing for various capital improvement projects of the Hawaii Housing Finance and Development Corporation.
Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation.
Your Committee finds that this measure expresses adjustments to the projects funded, maximum sums appropriated or authorized, or means of financing indicated for the Hawaii Housing Finance and Development Corporation in the General Appropriations Act of 2017, as amended by the Supplemental Appropriations Act of 2018.
Your Committee's intent in recommending this measure for passage is for the adjustments expressed to be incorporated into the General Appropriations Act of 2019 or other appropriate legislative vehicle or to be adopted separately. As such, your Committee requests your Committee on Ways and Means to incorporate the adjustments expressed by this measure into the appropriate legislative vehicle or amend this measure to include any provisions necessary to effectuate its purpose and intent.
Your Committee has amended this measure as suggested by the Hawaii Housing Finance and Development Corporation by changing the appropriation amounts for the cash infusion for the rental housing revolving fund and dwelling unit revolving fund infusion.
As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 14, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 14, S.D. 1, and be referred to your Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Housing,
STANLEY CHANG, Chair