STAND. COM. REP. NO.  26-16

 

Honolulu, Hawaii

                , 2016

 

RE:   H.B. No. 1575

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sir:

 

     Your Committee on Housing, to which was referred H.B. No. 1575 entitled:

 

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING AN APPROPRIATION FOR THE PURCHASE OF EAST KAUAI WORKFORCE AFFORDABLE HOUSING,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the issuance of general obligation bonds and appropriate bond funds to the County of Kauai to purchase properties on the east side of the island of Kauai for use as affordable rental housing.

 

     The Chair of the Kauai County Council, two council members of the Kauai County Council, and a concerned individual supported this measure.

 

     Your Committee has amended this measure by:

 

     (1)  Changing the amount appropriated and the sum of general obligation bonds authorized to be issued by the Director of Finance to an unspecified amount;

 

     (2)  Changing the effective date to July 1, 2050, to promote further discussion; and

 

     (3)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     Should your Committee on Finance deliberate this measure further, your Committee on Housing respectfully requests that it consider authorizing $5,000,000 in general obligation bonds and appropriated funds for the purchase of properties on the east side of the island of Kauai.

 

     As affirmed by the record of votes of the members of your Committee on Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1575, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1575, H.D. 1, and be referred to your Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Housing,

 

 

 

 

____________________________

MARK J. HASHEM, Chair