2505
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO HOUSING LOAN AND MORTGAGE PROGRAMS.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Section 201G-195, Hawaii Revised Statutes, is
 
 2 amended by amending subsection (b) to read as follows:
 
 3      "(b)  The contract may contain provisions as determined by
 
 4 the corporation to be necessary or appropriate to provide
 
 5 security for its bonds.  Notwithstanding any other law to the
 
 6 contrary, project loans may be made available for housing
 
 7 projects on Hawaiian home lands pursuant to the Hawaiian Homes
 
 8 Commission Act, 1920, as amended."
 
 9      SECTION 2.  New statutory material is underscored.
 
10      SECTION 3.  This Act shall take effect upon its approval. 
 
11 
 
12                           INTRODUCED BY:  _______________________
 

 
a                                                      HHL-8(00)