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Committee delays HCDA transit-oriented development bill for more drafting on financing tools and board changes
Summary
The Senate committee deferred House Bill 1,007 to allow more time to draft financing mechanisms and to clarify governance changes to the HCDA’s transit-oriented development infrastructure program.
The Senate Committee on Transportation and Culture and the Arts took testimony on House Bill 1,007 and agreed to defer decision-making to its next scheduled session to allow additional drafting on financing tools and governance changes.
The bill has two main elements: a housekeeping expansion of HCDA’s authority to assist other state agencies and projects, and a restructuring of the TOD infrastructure authority by eliminating four county-level boards in favor of oversight by HCDA’s 17-member general authority board. HCDA executive director Craig Nakamoto told the committee the…
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