STAND. COM. REP. NO. 691

Honolulu, Hawaii

, 2021

RE: H.B. No. 606

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 606, H.D. 1, entitled:

"A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR AFFORDABLE HOUSING,"

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of general obligation bonds and appropriate funds for fiscal year 2021-2022 to be deposited into the Dwelling Unit Revolving Fund and Rental Housing Revolving Fund.

Your Committee received testimony in support of this measure from AARP, AlohaCare, EAH, Partners in Care, Catholic Charities Hawai‘i, Hawai‘i Association of REALTORS, Hawaiian Humane Society, Hawai‘i Health & Harm Reduction Center, and three individuals. Your Committee received comments on this measure from the Hawaii Housing Finance and Development Corporation.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 606, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair