Bill > SB576

This bill modifies reporting requirements and financial management for two key Hawaii housing agencies: the Hawaii Housing Finance and Development Corporation and the Hawaii Public Housing Authority. The bill requires these agencies to submit more comprehensive annual reports to the legislature, including detailed descriptions of current and planned programs, their financing methods, and a breakdown of expenditures by program area and fund. The bill also expands the Public Housing Special Fund to allow for more flexible use of funds, specifically permitting the inclusion of moneys collected by agents or through partnership and development agreements. Additionally, the fund can now be used for the development and redevelopment of authority projects, in addition to long-term financing and administrative expenses. The changes aim to provide greater transparency and operational flexibility for these housing agencies, with the new requirements and fund management provisions set to take effect on July 1, 2025.

Budget and Finance, Housing and Urban Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=576&year=2025