Report Title:

Housing; Rental Housing Trust Fund

Description:

Makes permanent the allocation of fifty per cent of the conveyance tax collections to the Rental Housing Trust Fund.

HOUSE OF REPRESENTATIVES	H.B. NO.	475
TWENTY-FOURTH LEGISLATURE, 2007
STATE OF HAWAII

A BILL FOR AN ACT

relating to the rental housing trust fund.

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

     SECTION 1.  Act 100, Session Laws of Hawaii 2006, is amended by amending section 30 to read as follows:

     "SECTION 30.  This Act shall take effect on July 1, 2006[; provided that on June 30, 2007, section 21 shall be repealed and section 247-7, Hawaii Revised Statutes, shall be reenacted in the form in which it read on the day before the approval of this Act.]."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect on June 29, 2007.

INTRODUCED BY:

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