STAND. COM. REP. NO. 2154

Honolulu, Hawaii

RE: S.B. No. 3113

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Hawaiian Affairs, to which was referred S.B. No. 3113 entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAIIAN HOMES COMMISSION ACT,"

begs leave to report as follows:

The purpose and intent of this measure is to increase the allowable loan term for direct loans provided by the Department of Hawaiian Home Lands from thirty years to forty years.

Your Committee received testimony in support of this measure from the Department of Hawaiian Home Lands; Hoʻomana Pono, LLC; and five individuals.

Your Committee finds that the United States Department of Agriculture's Section 502 Direct Loan Program provides a loan term of thirty-eight years; however, loans administered by the Department of Hawaiian Home Lands for the beneficiaries of the Hawaiian Homes Commission Act, 1920, as amended, have maximum terms of thirty years. This measure addresses this discrepancy by amending the Hawaiian Homes Commission Act, 1920, as amended, to increase the term for direct loans provided by the Department of Hawaiian Home Lands to forty years.

As affirmed by the record of votes of the members of your Committee on Hawaiian Affairs that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3113 and recommends that it pass Second Reading and be referred to your Committees on Judiciary and Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Hawaiian Affairs,

________________________________

MAILE S.L. SHIMABUKURO, Chair