Rooted in Hawaiʻi. Built for participation.
govotency.
← Back to SB40
Read the measure

SB40

Relating To State Finances.

Selected version

Introduced· Jan 8, 2025

Open the official document ↗

This is a particular imported version. Later drafts may change its provisions, and a recorded vote is not automatically linked to this version.

Choose another version

Readable transcription of the selected official document, not a summary. [Underlined: …] and [Struck through: …] describe recognized source typography; they do not independently establish that wording was legally added or deleted. Layout, tables, and other typography may differ; consult the official document for authoritative wording and formatting. This version is not automatically the version considered in a particular vote.

THE SENATE

S.B. NO.

40

THIRTY-THIRD LEGISLATURE, 2025

STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO STATE FINANCES.

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

SECTION 1. Pursuant to section 201H-88, Hawaii Revised Statutes, the Hawaii housing finance and development corporation may secure a line of credit or other instrument of indebtedness, in an amount not to exceed $300,000,000 during the fiscal biennium beginning July 1, 2025, and ending June 30, 2027, to meet the requirements of federal tax law for the bond volume cap recycling program under section 39B-2(f), Hawaii Revised Statutes.

SECTION 2. This Act shall take effect on July 1, 2025.

INTRODUCED BY:

_____________________________

Report Title:

HHFDC; Bond Volume Cap Recycling Program; Line of Credit

Description:

Authorizes the Hawaii Housing Finance and Development Corporation to secure a line of credit or other instrument of indebtedness for the Bond Volume Cap Recycling Program.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.

Source: Hawaiʻi State Legislature · Retrieved Nov 8, 2026 · Source document ↗