STAND. COM. REP. NO. 3138
Honolulu, Hawaii
RE: S.B. No. 3048
S.D. 2
Honorable Ronald D. Kouchi
President of the Senate
Thirty-First State Legislature
Regular Session of 2022
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 3048, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO STATE FUNDS,"
begs leave to report as follows:
The purpose and intent of this measure is to authorize the Director of Finance to transfer from the rental housing revolving fund to the dwelling unit revolving fund tax-exempt general obligation bond proceeds and accrued interest.
Your Committee received written comments in support of this measure from the Department of Business, Economic Development, and Tourism; and Hawaii Housing Finance and Development Corporation.
Your Committee finds
that the rental housing revolving fund contains legacy funds derived from
tax-exempt general obligation bond proceeds.
As these moneys cannot be used to finance projects that use low-income housing
tax credits, your Committee believes that it is appropriate to transfer the money
to the dwelling unit revolving fund, so that the moneys may be used for the financing of public
infrastructure projects.
Your Committee also finds that general fund appropriations are necessary to finance certain hardware, software, and digitization efforts of the Hawaii Housing Finance and Development Corporation (HHFDC). More specifically, appropriations are needed for the following items in the listed amounts:
Hardware
Integration and Migration of the HHFDC
domain into the State of Hawaii Enterprise Active Directory (EAD)
Domain: $55,000
New Monitors for HHFDC staff: $20,000
New computers, computer accessories,
and peripherals
for HHFDC staff: $82,000
Videoconferencing Upgrades
for
HHFDC Board Room: $60,000
Industrial/Office
Capacity Paper Shredders, with service
and warranty: $12,000
Software
Management Software: $200,000
Microsoft Dynamic
Great Plains
(GP) Software Upgrade: $125,000
Digitization
Sharepoint: $52,000
Contract with a private scanning
company to scan Consolidated Applications to
digitized copies: $352,000
Contract with a private scanning
company to digitize the paper documents of Development, PECB, and
Finance branches of HHFDC: $636,000
Your Committee has amended this measure by:
(1) With respect to the statutory section that establishes the rental housing revolving fund:
(A) Providing that the fund may be used for administrative expenses incurred by the Hawaii Housing Finance and Development Corporation in administering the Corporation's housing finance programs; and
(B) Inserting a conforming amendment relating to the payment of the conveyance taxes into the fund;
(2) Establishing one full-time equivalent (1.0 FTE) housing finance specialist I position (BED160HF);
(3) Inserting unspecified general fund appropriations to the Department of Business, Economic Development, and Tourism for the hardware, software, and digitization efforts of the Hawaii Housing Finance and Development Corporation discussed above; and
(4) Making technical nonsubstantive changes for purposes of clarity, consistency, and style.
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 S.B. No. 3048, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 3048, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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________________________________ DONOVAN M. DELA CRUZ, Chair |
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