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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2421 |
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THIRTY-SECOND LEGISLATURE, 2024 |
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STATE OF HAWAII |
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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. The legislature finds that the Hawaii housing finance and development corporation is tasked with developing and financing low- and moderate- income housing projects and administering homeownership programs. The purpose of this Act is to add the chairperson of the Hawaiian homes commission, or the chairperson's designee, to the board of directors of the Hawaii housing finance and development corporation as an exofficio nonvoting member.
SECTION 2. Section 201H-3, Hawaii Revised Statutes, is amended by amending subsections (a), (b), and (c) to read as follows:
"(a) There is created a board of directors of the
Hawaii housing finance and development corporation consisting of [nine] ten
members, of whom six shall be public members appointed by the governor as
provided in section 26-34. At least four
of the public members shall have knowledge and expertise in public or private
financing and development of affordable housing. Public members shall be appointed from each
of the counties of Honolulu, Hawaii, Maui, and Kauai. At least one public member shall represent community
advocates for low-income housing, affiliated with private nonprofit
organizations that serve the residents of low-income housing. The public members of the board shall serve
four-year staggered terms; provided that the initial appointments shall be as
follows:
(1) Two members to be appointed for four years;
(2) Two members to be appointed for three years; and
(3) Two members to be appointed for two years.
The
director of business, economic development, and tourism and the director of
finance, or their designated representatives, and a representative of the
governor's office, shall be ex officio[[],[]] voting
members. The chairperson of the
Hawaiian homes commission or the chairperson's
designee shall serve as an ex officio nonvoting member. The corporation shall be headed by the board.
(b) The board of
directors shall select a chairperson and vice chairperson from among its
members; provided that the chairperson shall be a public member. The director of business, economic
development, and tourism, director of finance, chairperson of the Hawaiian
homes commission, and the governor's representative shall be ineligible to
serve as chairperson of the board.
(c) [Five] Six
members shall constitute a quorum, whose affirmative vote shall be necessary
for all actions by the corporation. The
members shall receive no compensation for services, but shall be entitled to
necessary expenses, including travel expenses, incurred in the performance of
their duties."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
_____________________________ |
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BY REQUEST |
Report Title:
HHFDC Board of Directors; Membership
Description:
Adds the Chairperson of the Hawaiian Homes Commission or the Chairperson's designee to the Board of Directors of the Hawaii Housing Finance and Development Corporation as an ex officio nonvoting member.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.