STAND. COM. REP. NO. 481
Honolulu, Hawaii
, 2017
RE: H.B. No. 660
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Ninth State Legislature
Regular Session of 2017
State of Hawaii
Sir:
Your Committee on Housing, to which was referred H.B. No. 660 entitled:
"A BILL FOR AN ACT RELATING TO AN INFRASTRUCTURE DEVELOPMENT LOAN REVOLVING FUND,"
begs leave to report as follows:
Your Committee has amended this measure by changing its effective date to take effect upon a date to be determined to facilitate further discussion on this measure.
Your Committee notes that last year, the Legislature enacted Act 132, Session Laws of Hawaii (SLH) 2016, which authorizes HHFDC to use the Dwelling Unit Revolving Fund to make loans for infrastructure in a manner similar to the Infrastructure Development Loan Revolving Fund established by this measure. According to HHFDC, it has already developed administrative rules for the infrastructure loan program and is nearing their adoption. The HHFDC has, additionally, requested bond funding to begin making loans under that program and plans to do so as soon as funds become available.
As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 660, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 660, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Housing,
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____________________________ TOM BROWER, Chair |
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