HOUSE OF REPRESENTATIVES

H.B. NO.

606

THIRTY-FIRST LEGISLATURE, 2021

H.D. 1

STATE OF HAWAII

S.D. 1

 

 

 

 

 

A BILL FOR AN ACT

 

 

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR AFFORDABLE HOUSING.

 

 

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

 


     SECTION 1.  The director of finance is authorized to issue general obligation bonds in the sum of $20,000,000 or so much thereof as may be necessary and the same sum or so much thereof as may be necessary is appropriated for fiscal year 2021-2022 to be deposited into the dwelling unit revolving fund established by section 201H-191, Hawaii Revised Statutes.

     SECTION 2.  The director of finance is authorized to issue general obligation bonds in the sum of $25,000,000 or so much thereof as may be necessary and the same sum or so much thereof as may be necessary is appropriated for fiscal year 2021-2022 to be deposited into the rental housing revolving fund established by section 201H-202, Hawaii Revised Statutes.

     SECTION 3.  This Act shall take effect on July 1, 2050.



 

Report Title:

General Obligation Bonds; Dwelling Unit Revolving Fund; Rental Housing Revolving Fund

 

Description:

Authorizes the issuance of general obligation bonds with the funds to be deposited into the dwelling unit revolving fund and the rental housing revolving fund.  Effective 7/1/2050.  (SD1)

 

 

 

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