STAND. COM. REP. NO.  34

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 277

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred H.B. No. 277 entitled:

 

"A BILL FOR AN ACT RELATING TO INFRASTRUCTURE,"

 

begs leave to report as follows:

 

     The purpose of this measure is to provide the counties with a financing option for supporting infrastructure for affordable housing development. Specifically, this bill:

 

     (1)  Permits the State to issue and sell revenue bonds for county improvements, by request of a county; and

 

     (2)  Allows counties the option of using community facilities districts as a method for repayment of infrastructure development loans administered by the Hawaii Housing Finance and Development Corporation.

 

     The Hawaii Housing Finance and Development Corporation, Building Industry Association of Hawaii, and Chamber of Commerce Hawaii supported this measure.

 

     Your Committee has amended this measure by:

 

(1)  Changing the effective date to July 1, 2050, to promote further discussion; and

 

(2)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 277, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 277, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Housing,

 

 

 

 

____________________________

MARK J. HASHEM, Chair