STAND. COM. REP. NO. 733-04
Honolulu, Hawaii
, 2004
RE: H.B. No. 2181
H.D. 2
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 2181, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO HOUSING FINANCING PROGRAMS,"
begs leave to report as follows:
The purpose of this bill is to specifically provide that the Housing and Community Development Corporation of Hawaii's (HCDCH) authorization to issue bonds includes issuance for any program to provide housing for active or retired United States military personnel, their families, and other authorized persons, up to $2,000,000.
The HCDCH submitted testimony in support of the intent of this measure. The Attorney General offered comments.
Your Committee has amended this bill by:
(1) Clarifying that the $2,000,000,000 in revenue bonds that HCDCH may issue for military housing projects is a cap, rather than legislative authorization to HCDCH to issue the bonds; and
(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2181, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2181, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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