HB1760 - Relating To State Finances.

2 Co-Sponsors

Authorizes the Hawaii Housing Finance and Development Corporation, subject to legislative approval, to secure a line of credit or other instrument of indebtedness for the bond volume cap recycling program. Authorizes the Corporation or a county to establish a bond volume cap recycling program authorized by federal law. Allows the Department of Budget and Finance and Corporation to enter into an agreement with a county for bond volume cap recycling. Establishes a volume cap recycling program subaccount within the Rental Housing Revolving Fund. Requires a county or issuer to submit a report to the Department of Budget and Finance and Corporation on the status or use of its portion of the volume cap that is being recycled. (CD1)