THE SENATE |
S.B. NO. |
1530 |
THIRTIETH LEGISLATURE, 2019 |
S.D. 3 |
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STATE OF HAWAII |
H.D. 2 |
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A BILL FOR AN ACT
RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Provided that
of the funds appropriated for BED150 during the 2019 regular session, the
conversion of the means of financing for the Hawaii community development authority
staff from the Hawaii community development revolving fund established pursuant
to section 206E-16, Hawaii Revised Statutes, to the general fund may be
executed if the:
(1) Hawaii
community development authority develops a comprehensive transition plan to
transfer the control of the authority’s Kakaako community development district
described in section 206E-32, Hawaii Revised Statutes, to the city and county
of Honolulu;
(2) Comprehensive
transition plan includes proposed enabling legislation to abolish the Hawaii
community development authority’s authority over the Kakaako community development
district described in section 206E-32, Hawaii Revised Statutes, and execute the
transfer of control of the Kakaako community development district to the city
and county of Honolulu by no later than ;
and
(3) Plan
and proposed legislation are submitted to the legislature no later than twenty
days prior to the convening of the 2020 regular session.
If the Hawaii community development authority meets the
requirements of paragraphs (1) to (3), then the conversion of the means of
financing for the employment costs associated with the Hawaii community
development authority staff from the Hawaii community development revolving
fund established pursuant to section 206E-16, Hawaii Revised Statutes, to the
general fund shall commence from the beginning of the ensuing fiscal quarter
immediately succeeding the Hawaii community development authority meeting all
the requirements of paragraphs (1) to (3).
SECTION 2. This Act shall take effect on July 1, 2030.
Report Title:
HCDA; Means of Financing Conversion; Kakaako Community Development District; City and County of Honolulu
Description:
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.