Bill > HB871

This bill clarifies the effective date for Act 130, which increases the loan limit for direct loans from the Department of Hawaiian Home Lands from 50% to 75% of the maximum single residence loan amount allowed by the Federal Housing Administration (FHA) in Hawaii. Specifically, the bill stipulates that Act 130 will take effect on the earlier of two possible dates: either when the Secretary of the Interior provides a notification letter to Congressional Committee Chairpersons stating that the Act does not meet the criteria outlined in title 43 Code of Federal Regulations section 48.20, or when the United States Congress explicitly approves the Act. This legislation ensures that the amended loan limits can proceed with either federal administrative clearance or Congressional approval, providing flexibility in implementing the changes to the Hawaiian Homes Commission Act. The bill maintains that the amendments to the loan limits will remain in effect even if other related Acts (Act 107 from 2000 or Act 85 from 2008) are subsequently implemented with Congressional consent.

Budget and Finance, Government Affairs, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=871&year=2025