THE SENATE |
S.B. NO. |
2649 |
THIRTY-SECOND LEGISLATURE, 2024 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the Hawaii housing finance and development corporation.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The purpose of this Act is to add the chairperson of the Hawaiian homes commission, or the chairperson's designee, to the board of directors of the Hawaii housing finance and development corporation.
SECTION 2. Section 201H-3, Hawaii Revised Statutes, is amended by amending subsections (a) through (c) to read as follows:
"(a)
There is created a board of directors of the Hawaii housing finance and
development corporation consisting of [nine] ten members, of whom
six shall be public members appointed by the governor as provided in section
26-34. At least four of the public
members shall have knowledge and expertise in public or private financing and
development of affordable housing.
Public members shall be appointed from each of the counties of Honolulu,
Hawaii, Maui, and Kauai. At least one public
member shall represent community advocates for low-income housing, affiliated
with private nonprofit organizations that serve the residents of low-income
housing. The public members of the board
shall serve four-year staggered terms; provided that the initial appointments
shall be as follows:
(1) Two members to be appointed for four years;
(2) Two members to be appointed for three years; and
(3) Two members to be appointed for two years.
The director of business, economic development, and
tourism [and]; the director of finance[,]; and the
chairperson of the Hawaiian homes commission; or their designated
representatives, and a representative of the governor's office, shall be ex
officio[[],[]] voting members.
The corporation shall be headed by the board.
(b)
The board of directors shall select a chairperson and vice chairperson
from among its members; provided that the chairperson shall be a public
member. The director of business,
economic development, and tourism[,]; director of finance[,];
chairperson of the Hawaiian homes commission; and the governor's
representative shall be ineligible to serve as chairperson of the board.
(c) [Five]
Six members shall constitute a quorum, whose affirmative vote shall be
necessary for all actions by the corporation.
The members shall receive no compensation for services, but shall be
entitled to necessary expenses, including travel expenses, incurred in the
performance of their duties."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
INTRODUCED BY: |
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Report Title:
HHFDC Board of Directors; Membership; HHC
Description:
Adds the Chairperson of the Hawaiian Homes Commission or the Chairperson's designee to the Board of Directors of the Hawaii Housing Finance and Development Corporation.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.