Report Title:

Appropriation; GO Bonds; Dwelling Unit Revolving Fund

Description:

Appropriates funds into the Dwelling Unit Revolving Fund.  Effective 7/1/2020.  (HB2513 HD1)

HOUSE OF REPRESENTATIVES	H.B. NO.	2513
TWENTY-FOURTH LEGISLATURE, 2008		H.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING AN APPROPRIATION TO THE DWELLING UNIT REVOLVING FUND.

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 $             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 2008-2009 for housing development programs.

     The sum appropriated shall be paid into the dwelling unit revolving fund created in section 201H-191, Hawaii Revised Statutes, and expended by the Hawaii housing finance and development corporation for the purposes of this Act.

     SECTION 2.  This Act shall take effect on July 1, 2020.