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Committee requires HHFDC publish project list and limits transfers in SB 2060
Summary
The committee amended SB 2060 to require the Hawaii Housing Finance and Development Corporation to publish a project list for transferred funds and to require director of finance approval via concurrent resolution before subaccount transfers; the committee adopted the recommendation to pass with amendments.
Chair summarized SB 2060 amendments and said the bill would require HHFDC to produce a public project list for funds transferred between subaccounts and require the director of finance to obtain legislative approval by concurrent resolution before transferring funds.
"We're gonna require that HHFDC create a project list for funds that will be transferred between sub accounts and require that the list be made available to the public on the website upon the approval by the corporation," the chair read, describing the transparency and approval steps added in the amendment. The chair also said language from SB 2062 SD1 would be inserted to allow HHFDC to use awarded but not unencumbered funds for different projects only with legislative approval.
Committee members registered no extended debate and the recommendation to pass with amendments was adopted. The article reports the committee action and summarizes the transparency and concurrent-resolution approval requirements added to SB 2060.
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