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Committee advances HB1007 to expand HCDA authority for TOD zones, community facilities districts and bonds
Summary
The Senate Committee on Transportation, Culture and the Arts voted to pass House Bill 1007, House Draft 2, with amendments expanding HCDA authority for development in TOD zones and authorizing community facilities district bonds under Chapter 206E HRS.
The Senate Committee on Transportation, Culture and the Arts voted to pass House Bill 1007, House Draft 2, with amendments that expand authority for the Hawaii Community Development Authority (HCDA) related to transit-oriented development (TOD) zones.
Chair Lee outlined amendments granting HCDA authority to develop parcels outside its existing community development districts, permitting HCDA to create community facilities districts within TOD zones and amending Chapter 206E, Hawaii Revised Statutes, to authorize HCDA-issued community facilities district bonds to finance infrastructure in TOD zones. The chair said the committee would also attach the structure and intent language from Senate Bill 1669 and incorporate those provisions under the HCDA framework.
The amendments discussed include authorizing bond issuance under a new HRS Section 206E provision, with any specific bond amount left blank in committee draft language. The committee also agreed to technical amendments and retained a defective effective date as the measure moves on to additional committees.
On the recommendation to pass HB1007, House Draft 2, with amendments, the roll call recorded affirmative votes from Chair Lee, the vice chair, Senator Elefante, Senator Kanuha and Senator Descourts. The committee’s report will advance the amended bill to subsequent committees for further review and action.
