Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee OKs extending HHFDC bond-recycling authority; bill would authorize revenue bonds for a line of credit
Summary
The committee voted to pass Senate Bill 40 with amendments to allow the Hawaii Housing Finance and Development Corporation to use revenue bonds when securing a line of credit for the bond volume cap recycling program and encouraged the administration to study alternatives to recurring biennial authorization.
The Senate Committee on Housing passed Senate Bill 40 with amendments to authorize 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 and to specify that the corporation may use revenue bonds.
Dean Minakami, executive director of the Hawaii Housing Finance and Development Corporation (HHFDC), said the bill would extend a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
