HOUSE OF REPRESENTATIVES	H.B. NO.	2448
TWENTY-SEVENTH LEGISLATURE, 2014
STATE OF HAWAII

A BILL FOR AN ACT

Relating to the hawaii housing finance and development corporation.

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

     SECTION 1.  Section 201H-72, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§201H-72[]]  Issuance of bonds for the development of infrastructure.  Without limiting section 201H-71, the corporation, pursuant to and in accordance with this subpart, is [hereby] authorized to issue bonds for the purpose of financing the development of infrastructure on land owned by the corporation[.] or on land owned by an eligible developer as defined in section 201H-32 whose housing project approval by a state or county agency requires the construction of affordable housing."

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  Statutory material to be repealed is bracketed and stricken.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

     SECTION 3.  This Act shall take effect upon its approval.

INTRODUCED BY:

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Report Title:

Hawaii Housing Finance and Development Corporation; Infrastructure Bonds

Description:

Allows the Hawaii Housing Finance and Development Corporation to issue bonds to eligible developers for infrastructure on land owned by the eligible developer for the construction of affordable housing.

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