STAND. COM. REP. NO. 965-20

Honolulu, Hawaii

, 2020

RE: H.B. No. 2183

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2183, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HOUSING LOAN AND MORTGAGE PROGRAM,"

begs leave to report as follows:

The purpose of this measure is to increase the Hula Mae Multifamily Program revenue bond authorization ceiling from $1,500,000,000 to $2,500,000,000.

Your Committee received testimony in support of this measure from the Hawaii Housing Finance and Development Corporation and Land Use Research Foundation of Hawaii.

Your Committee has amended this measure by:

(1) Changing the revenue bond authorization ceiling to an unspecified amount; and

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

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2183, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2183, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair