CCR23-14

CONFERENCE COMMITTEE REP. NO. 23-14

Honolulu, Hawaii

, 2014

RE: H.B. No. 2448

H.D. 2

S.D. 1

C.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir and Madam:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2448, H.D. 2, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII HOUSING FINANCE AND DEVELOPMENT CORPORATION,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to authorize the Hawaii Housing Finance and Development Corporation to issue bonds to finance the development of infrastructure for land owned by an eligible developer whose housing project approval by the State or a county requires the construction of affordable housing.

Your Committee on Conference has amended this measure by:

(1) Changing its effective date to July 1, 2014; and

(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2448, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2448, H.D. 2, S.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ SUZANNE CHUN OAKLAND, Chair		____________________________ MARK J. HASHEM, Co-Chair
____________________________ DAVID Y. IGE, Co-Chair		____________________________ JUSTIN H. WOODSON, Co-Chair