REPORT TITLE: 
Rental Housing


DESCRIPTION:
Authorizes $10,000,000 in G.O. Bonds and appropriates this sum
to the Rental Housing Trust Fund.


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        2104 
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                     A BILL FOR AN ACT

RELATING TO HOUSING.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The purpose of this Act is to authorize the
 
 2 issuance of general obligation bonds and to make an appropriation
 
 3 to the rental housing trust fund to encourage the development and
 
 4 availability of low income rental housing throughout the State.
 
 5      SECTION 2. The director of finance is authorized to issue
 
 6 general obligation bonds in the sum of $10,000,000 or so much
 
 7 thereof as may be necessary and the same sum or so much thereof
 
 8 as may be necessary is appropriated for fiscal year 2000-2001 to
 
 9 be paid into the rental housing trust fund created in section
 
10 201G-432, Hawaii Revised Statutes.
 
11      The sum appropriated shall be expended by the housing and
 
12 community development corporation of Hawaii for the purpose of
 
13 this Act.
 
14      SECTION 3.  This Act shall take effect on July 1, 2000.
 
15 
 
16                       INTRODUCED BY:  ___________________________