Bill > SB3127

This bill increases the State's maximum liability for money borrowed by the Department of Hawaiian Home Lands (DHHL) or loans to lessees that the DHHL guarantees from $100,000,000 to $500,000,000. This change is intended to address rising mortgage interest rates and construction costs, which have made it harder for beneficiaries of the Hawaiian Homes Commission Act, 1920, to afford homes on Hawaiian home lands. The Hawaiian Homes Commission Act, 1920, is a federal law that established a program to provide land and housing for native Hawaiians. The DHHL guarantees these loans because the land is held in trust for native Hawaiians. The bill also specifies that the effectiveness of these amendments is contingent on the consent of the United States, as required by federal law, and sets an effective date of September 9, 2129, with specific conditions related to federal approval.

Budget and Finance, Government Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3127&year=2026