Hawaii 2024 Regular Session

Hawaii House Bill HCR89 Compare Versions

Version 1 (Old)

Version 2 (New)

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1		-	HOUSE OF REPRESENTATIVES H.C.R. NO. 89 THIRTY-SECOND LEGISLATURE, 2024 ~~H.D. 1~~ STATE OF HAWAII HOUSE CONCURRENT RESOLUTION URGING THE DIRECTOR OF FINANCE TO ADOPT ADMINISTRATIVE RULES TO DEFINE "BENEFICIAL EFFECTS TO THE STATE" IN SECTION 38-2, HAWAII REVISED STATUTES, TO INCLUDE THE FINANCING OF HOUSING.
	1	+	HOUSE OF REPRESENTATIVES H.C.R. NO. 89 THIRTY-SECOND LEGISLATURE, 2024 STATE OF HAWAII HOUSE CONCURRENT RESOLUTION urging the director of finance to adopt administrative rules TO DEFINE "beneficial effectS to the State" IN SECTION 38-2, HAWAII REVISED sTATUTES, TO INCLUDE THE FINANCING OF HOUSING.
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3	3		HOUSE OF REPRESENTATIVES H.C.R. NO. 89
4		-	THIRTY-SECOND LEGISLATURE, 2024 ~~H.D. 1~~
	4	+	THIRTY-SECOND LEGISLATURE, 2024
5	5		STATE OF HAWAII
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7	7		HOUSE OF REPRESENTATIVES
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9	9		H.C.R. NO.
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11	11		89
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13	13		THIRTY-SECOND LEGISLATURE, 2024
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15		-	~~H.D. 1~~
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17	17		STATE OF HAWAII
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29	29		HOUSE CONCURRENT
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31	31		RESOLUTION
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37	37		urging the director of finance to adopt administrative rules TO DEFINE "beneficial effectS to the State" IN SECTION 38-2, HAWAII REVISED sTATUTES, TO INCLUDE THE FINANCING OF HOUSING.
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43		-	WHEREAS, limited supply of housing continues to be a major issue for the State; and WHEREAS, the State must expand financing options to increase housing in Hawaii; and WHEREAS, the ~~monies~~ collected by the State are held in trust for the benefit of the public and thus decisions related to where and how to invest the public treasury concern matters of public policy; and WHEREAS, the Director of Finance is granted the discretion to invest the public treasury with certain ~~depositories~~, subject to the approval of the Governor and certain statutory requirements, including the requirements to "consider the beneficial effects to the State of using depositories within the State"; and WHEREAS, the State can incentivize depositories to help address and increase the State's housing inventory; and WHEREAS, ~~depositories~~ that have issued loans with favorable terms to housing developers for the benefit of Hawaii residents should be considered to have beneficial effects to the State, as these loans help lower development costs and expand the State's ability to create affordable housing; now, therefore, BE IT RESOLVED by the House of Representatives of the Thirty-second Legislature of the State of Hawaii, Regular Session of 2024, the Senate concurring, that the Director of Finance is urged to adopt administrative rules to define "beneficial effects to the State" in section 38-2, Hawaii Revised Statutes, to include the financing of housing; and BE IT FURTHER RESOLVED that a certified copy of this Concurrent Resolution be transmitted to the Director of Finance. Report Title: Banks; Loans; Housing; Director of Finance; State Treasury Depository
	43	+	WHEREAS, limited supply of housing continues to be a major issue for the State; and WHEREAS, the State must expand financing options to increase housing in Hawaii; and WHEREAS, the moneys collected by the State are held in trust for the benefit of the public and thus decisions related to where and how to invest the public treasury concern matters of public policy; and WHEREAS, the Director of Finance is granted the discretion to invest the public treasury with certain depositaries, subject to the approval of the Governor and certain statutory requirements found in section 38-2, Hawaii Revised Statutes, including the requirements to "consider the beneficial effects to the State of using depositories within the State"; and WHEREAS, the State can incentivize depositories to help address and increase the State's housing inventory; and WHEREAS, the Legislature finds that depositaries that have issued loans with favorable terms to housing developers for the benefit of Hawaii residents should be considered to have beneficial effects to the State, as these loans help lower development costs and expand the State's ability to create affordable housing; now, therefore, BE IT RESOLVED by the House of Representatives of the Thirty-second Legislature of the State of Hawaii, Regular Session of 2024, the Senate concurring, that the Director of Finance is urged to adopt administrative rules to define "beneficial effects to the State" in section 38-2, Hawaii Revised Statutes, to include the financing of housing; and BE IT FURTHER RESOLVED that a certified copy of this Concurrent Resolution be transmitted to the Director of Finance. OFFERED BY: _____________________________ Report Title: Banks; Loans; Housing; Director of Finance; State Treasury Depository
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45	45		WHEREAS, limited supply of housing continues to be a major issue for the State; and
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49	49		WHEREAS, the State must expand financing options to increase housing in Hawaii; and
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53		-	WHEREAS, the ~~monies~~ collected by the State are held in trust for the benefit of the public and thus decisions related to where and how to invest the public treasury concern matters of public policy; and
	53	+	WHEREAS, the moneys collected by the State are held in trust for the benefit of the public and thus decisions related to where and how to invest the public treasury concern matters of public policy; and
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57		-	WHEREAS, the Director of Finance is granted the discretion to invest the public treasury with certain ~~depositories~~, subject to the approval of the Governor and certain statutory requirements, including the requirements to "consider the beneficial effects to the State of using depositories within the State"; and
	57	+	WHEREAS, the Director of Finance is granted the discretion to invest the public treasury with certain depositaries, subject to the approval of the Governor and certain statutory requirements found in section 38-2, Hawaii Revised Statutes, including the requirements to "consider the beneficial effects to the State of using depositories within the State"; and
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61	61		WHEREAS, the State can incentivize depositories to help address and increase the State's housing inventory; and
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65		-	WHEREAS, ~~depositories~~ that have issued loans with favorable terms to housing developers for the benefit of Hawaii residents should be considered to have beneficial effects to the State, as these loans help lower development costs and expand the State's ability to create affordable housing; now, therefore,
	65	+	WHEREAS, the Legislature finds that depositaries that have issued loans with favorable terms to housing developers for the benefit of Hawaii residents should be considered to have beneficial effects to the State, as these loans help lower development costs and expand the State's ability to create affordable housing; now, therefore,
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69	69		BE IT RESOLVED by the House of Representatives of the Thirty-second Legislature of the State of Hawaii, Regular Session of 2024, the Senate concurring, that the Director of Finance is urged to adopt administrative rules to define "beneficial effects to the State" in section 38-2, Hawaii Revised Statutes, to include the financing of housing; and
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73	73		BE IT FURTHER RESOLVED that a certified copy of this Concurrent Resolution be transmitted to the Director of Finance.
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	81	+	OFFERED BY: _____________________________
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	85	+	OFFERED BY:
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	87	+	_____________________________
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75	143		Report Title:
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77	145		Banks; Loans; Housing; Director of Finance; State Treasury Depository