THE SENATE
                THE TWENTIETH LEGISLATURE
                 REGULAR SESSION OF 1999

      MEASURES DEFERRED TO TUESDAY, MARCH 23, 1999


     COMMITTEE ON GOVERNMENT OPERATIONS AND HOUSING

                        1:30 p.m.
                   Conference Room 224

         DECISION MAKING ON THE FOLLOWING BILLS
             (Deferred from March 18, 1999)


HB1017 HD1  RELATING TO THE HOUSING LOAN AND MORTGAGE         GOH, WAM
PROP SD1   PROGRAM
           Enables  the  Housing   and  Community  development
           Corporation  of  Hawaii   to  issue  an  additional
           $500,000,000 in  tax-exempt  revenue  bonds for the
           Hula Mae single  family  mortgage purchase program;
           require  financial  institutions  to  refinance  or
           restructure a mortgage  loan  if the current market
           interest is one and  one-half  percent lower or the
           home owner  becomes  unemployed  or under employed;
           prohibits foreclosure as long  as first mortgage is
           current; issue bonds for  repair and maintenance of
           public housing; issue bonds  for the rental housing
           trust fund.

HB1018 HD2  RELATING TO THE HOUSING AND COMMUNITY             GOH, WAM
PROP SD1   DEVELOPMENT CORPORATION OF HAWAII
           Establishes the  Rent  Supplement  Program for very
           low income  families;  increases  subsidy to thirty
           percent;  defines   qualified  tenant;  establishes
           Federally  Assisted   Rental  Housing  Preservation
           Program; 1 year  notice  by  owners of HUD assisted
           housing  who  decide  to  terminate;  provides  for
           purchase by tenant group or nonprofit corporation.

HB1026 HD1  RELATING TO INSURANCE PREMIUM TAXES               GOH, WAM
           Allows insurance  companies  to  participate in the
           low income housing tax credit program. 


                   No testimony will be accepted.


For further information, please call the committee clerk at 586-6686.