Bill Text: HI HB2020 | 2022 | Regular Session | Amended
Bill Title: Relating To Housing.
Spectrum: Partisan Bill (Democrat 33-1)
Status: (Enrolled - Dead) 2022-05-04 - Transmitted to Governor. [HB2020 Detail]
Download: Hawaii-2022-HB2020-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2020 |
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THIRTY-FIRST LEGISLATURE, 2022 |
H.D. 1 |
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STATE OF HAWAII |
S.D. 2 |
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C.D. 1 |
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A BILL FOR AN ACT
RELATING TO HOUSING.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to establish a lapse date for any unencumbered moneys appropriated pursuant to Act 227, Session Laws of Hawaii 2021.
SECTION 2. Act 227, Session Laws of Hawaii 2021, is amended by amending section 3 to read as follows:
"SECTION 3. There is appropriated out of the funds received by the State of Hawaii from the American Rescue Plan Act of 2021, Public Law 117-2, (Section 9901), the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2022-2023 for the purpose of providing, in whole or in part, loans to nonprofit community development financial institutions and nonprofit housing development organizations for the development of affordable homeownership housing projects.
The sum
appropriated shall be expended by the Hawaii housing finance and development
corporation for the purposes of this Act[.]; provided that all moneys
from the appropriation unencumbered as of June 30, 2022, shall lapse as of
that date."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on June 29, 2022.
Report Title:
Housing; Hawaii Housing Finance and Development Corporation
Description:
Establishes
a lapse date for any unencumbered moneys appropriated pursuant to Act 227, Session
Laws of Hawaii 2021. Effective 6/29/2022.
(CD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
