Bill > SB771

This bill modifies the composition and leadership requirements for the Hawaii Housing Finance and Development Corporation (HHFDC) Board of Directors by eliminating two key restrictions. Specifically, the bill removes the existing requirement that the board's chairperson must be a public member, and repeals the prohibition preventing the director of business, economic development, and tourism, the director of finance, and the governor's representative from serving as board chairperson. Under the proposed changes, the board will have more flexibility in selecting its leadership, allowing any board member to be chosen as chairperson, regardless of their specific governmental or public role. The bill maintains the board's existing authority to select a chairperson and vice chairperson from among its members, but eliminates the previous constraints on who can hold those positions. The legislation is set to take effect on July 1, 3000, which appears to be a placeholder date typically used when the exact implementation date is not yet determined.

Housing and Urban Affairs, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=771&year=2026