STAND. COM. REP. NO. 1262
Honolulu, Hawaii
RE: H.B. No. 1045
H.D. 1
S.D. 2
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fifth State Legislature
Regular Session of 2009
State of Hawaii
Madam:
Your Committee on Ways and Means, to which was referred H.B. No. 1045, H.D. 1, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"
begs leave to report as follows:
The purpose of this measure is to authorize the Hawaii Housing Finance and Development Corporation to modify and amend development agreements that were entered into between its predecessor agency and eligible developers.
This measure also authorizes the corporation to impose and collect reasonable fees for various administrative expenses and makes several housekeeping amendments.
Your Committee received one written comment on this measure. The written comment may be reviewed on the Legislature’s website.
Your Committee finds that clarifying the Hawaii Housing Finance and Development Corporation's authority to modify and amend development agreements with eligible developers is a housekeeping amendment that corrects an omission made when Hawaii's housing laws were recodified by Act 180, Session Laws of Hawaii 2006. Your Committee further finds that this measure also clarifies the Corporation's authority to set and collect fees for various administrative expenses that it incurs.
Your Committee has amended this measure by changing the effective date to July 1, 2099, to facilitate further discussion.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1045, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1045, H.D. 1, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ DONNA MERCADO KIM, Chair |
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