Bill Text: HI SB2740 | 2012 | Regular Session | Amended

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Bill Title: Housing Loan and Mortgage Program; Bond Authorization

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-06-21 - (S) Act 138, 6/19/2012 (Gov. Msg. No. 1240). [SB2740 Detail]

Download: Hawaii-2012-SB2740-Amended.html

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STAND. COM. REP. NO.  1825-12

 

Honolulu, Hawaii

                , 2012

 

RE:   S.B. No. 2740

      S.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred S.B. No. 2740, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE HOUSING LOAN AND MORTGAGE PROGRAM,"

 

begs leave to report as follows:

 

     The purpose of this measure is to assist residents in obtaining affordable housing by increasing the Hula Mae multifamily revenue bond authorization ceiling form $500,000,000 to $750,000,000.

 

     The Hawaii Housing Finance and Development Corporation, Department of Business, Economic Development, and Tourism, Office of Hawaiian Affairs, Hawaii Association of REALTORS, Pacific Resource Partnership, Land Use Research Foundation of Hawaii, and numerous individuals testified in support of this measure.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2740, S.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ MARCUS R. OSHIRO, Chair