Authorizes the issuance of general obligation bonds for construction and infrastructure development projects to provide affordable housing units for middle class and low income residents. Allows moneys from the conveyance tax and the county surcharge on state tax to be used to repay the bonds.
Reported from TRE/HOU (Stand. Com. Rep. No. 421) with recommendation of passage on Second Reading and referral to WAM.
Report adopted; Passed Second Reading and referred to WAM.
The committee(s) on TRE recommend(s) that the measure be PASSED, UNAMENDED. The votes in TRE were as follows: 4 Aye(s): Senator(s) Inouye, Dela Cruz, English, Harimoto; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Shimabukuro.
The committee(s) on HOU recommend(s) that the measure be PASSED, UNAMENDED. The votes in HOU were as follows: 3 Aye(s): Senator(s) Espero, Harimoto, Keith-Agaran; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) K. Kahele, Nishihara.
The committee(s) on TRE/HOU has scheduled a public hearing on 02-14-17 2:55PM in conference room 225.
Passed First Reading.
Referred to TRE/HOU, WAM.
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