HOUSE OF REPRESENTATIVES	H.B. NO.	529
THIRTY-THIRD LEGISLATURE, 2025		H.D. 1
STATE OF HAWAII		S.D. 1

A BILL FOR AN ACT

RELATING TO STATE FINANCES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Pursuant to section 201H-88, Hawaii Revised Statutes, the Hawaii housing finance and development corporation may secure revenue bonds as a line of credit or other instrument of indebtedness in an amount not to exceed $           during the fiscal biennium beginning July 1, 2025, and ending June 30, 2027, to meet the requirements of federal tax law for the bond volume cap recycling program under section 39B-2(f), Hawaii Revised Statutes.

SECTION 2. This Act shall take effect on July 1, 2050.

Report Title:

HHFDC; Bond Volume Cap Recycling Program; Line of Credit

Description:

Authorizes the Hawaii Housing Finance and Development Corporation to secure revenue bonds as a line of credit or other instrument of indebtedness for the Bond Volume Cap Recycling Program. Takes effect 7/1/2050. (SD1)

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