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Bill > HB529

HI HB529

HI HB529
Relating To State Finances.

summary

Introduced
01/21/2025
In Committee
04/24/2025
Crossed Over
02/27/2025
Passed
07/01/2025
Dead
Signed/Enacted/Adopted
07/01/2025

Introduced Session

2025 Regular Session

Bill Summary

Authorizes the Hawaii Housing Finance and Development Corporation to utilize revenue bonds when obtaining a line of credit or other instrument of indebtedness for the Bond Volume Cap Recycling Program. (CD1)

AI Summary

This bill authorizes the Hawaii Housing Finance and Development Corporation (HHFDC) to use revenue bonds to secure a line of credit or other debt instrument for the Bond Volume Cap Recycling Program. Specifically, the bill allows HHFDC to obtain up to $300,000,000 in revenue bonds during the fiscal biennium from July 1, 2025, to June 30, 2027, to comply with federal tax law requirements for the program. The Bond Volume Cap Recycling Program is likely a mechanism that helps manage and allocate tax-exempt bond financing for housing-related projects, enabling the corporation to recycle unused bond volume cap to support affordable housing initiatives. The bill will take effect immediately upon approval, providing the HHFDC with additional financial flexibility to pursue its housing development and financing objectives.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (2)

Last Action

Act 253, on 07/01/2025 (Gov. Msg. No. 1356). (on 07/01/2025)
(1 Companion Bills)

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bill summary

Document Type Source Location
State Bill Page https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=529&year=2025
HB529_HD1_TESTIMONY_FIN_02-19-25_ https://www.capitol.hawaii.gov/sessions//session2025/Testimony/HB529_HD1_TESTIMONY_FIN_02-19-25_.PDF
BillText https://www.capitol.hawaii.gov/sessions/session2025/bills/HB529_CD1_.HTM
Committee Report HB529_CD1_CCR42_ https://www.capitol.hawaii.gov/sessions/session2025/CommReports/HB529_CD1_CCR42_.pdf
Committee Report HB529_SD1_SSCR1517_ https://www.capitol.hawaii.gov/sessions/session2025/CommReports/HB529_SD1_SSCR1517_.pdf
HB529_SD1_TESTIMONY_WAM_03-28-25_ https://www.capitol.hawaii.gov/sessions/session2025/Testimony/HB529_SD1_TESTIMONY_WAM_03-28-25_.PDF
BillText https://www.capitol.hawaii.gov/sessions/session2025/bills/HB529_SD1_.HTM
Committee Report HB529_SD1_SSCR1095_ https://www.capitol.hawaii.gov/sessions/session2025/CommReports/HB529_SD1_SSCR1095_.pdf
HB529_HD1_TESTIMONY_HOU_03-11-25_ https://www.capitol.hawaii.gov/sessions/session2025/Testimony/HB529_HD1_TESTIMONY_HOU_03-11-25_.PDF
Committee Report HB529_HD1_HSCR860_ https://www.capitol.hawaii.gov/sessions/session2025/CommReports/HB529_HD1_HSCR860_.pdf
HB529_HD1_TESTIMONY_FIN_02-19-25_ https://www.capitol.hawaii.gov/sessions/session2025/Testimony/HB529_HD1_TESTIMONY_FIN_02-19-25_.PDF
BillText https://www.capitol.hawaii.gov/sessions/session2025/bills/HB529_HD1_.HTM
Committee Report HB529_HD1_HSCR486_ https://www.capitol.hawaii.gov/sessions/session2025/CommReports/HB529_HD1_HSCR486_.pdf
HB529_TESTIMONY_HSG_02-07-25_ https://www.capitol.hawaii.gov/sessions/session2025/Testimony/HB529_TESTIMONY_HSG_02-07-25_.PDF
BillText https://www.capitol.hawaii.gov/sessions/session2025/bills/HB529_.HTM
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