THE SENATE S.B. NO. 771 THIRTY-THIRD LEGISLATURE, 2025 H.D. 1 STATE OF HAWAII 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 SENATE S.B. NO. 771
THIRTY-THIRD LEGISLATURE, 2025 H.D. 1
STATE OF HAWAII
THE SENATE
S.B. NO.
771
THIRTY-THIRD LEGISLATURE, 2025
H.D. 1
STATE OF HAWAII
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:
SECTION 1. Section 201H-3, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows: "(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, and the governor's representative shall be ineligible to serve as chairperson of the board]." SECTION 2. Statutory material to be repealed is bracketed and stricken. SECTION 3. This Act shall take effect on July 1, 3000.
SECTION 1. Section 201H-3, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(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, and the governor's representative shall be ineligible to serve as chairperson of the board]."
SECTION 2. Statutory material to be repealed is bracketed and stricken.
SECTION 3. This Act shall take effect on July 1, 3000.
Report Title: HHFDC; Board of Directors; Membership; Chairperson; Eligibility Description: Repeals the requirement that the Chairperson of the Hawaii Housing Finance and Development Corporation Board of Directors be a public member. Repeals the prohibition that certain members shall not be eligible to serve as Chairperson of the HHFDC Board of Directors. Effective 7/1/3000. (HD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
Report Title:
HHFDC; Board of Directors; Membership; Chairperson; Eligibility
Description:
Repeals the requirement that the Chairperson of the Hawaii Housing Finance and Development Corporation Board of Directors be a public member. Repeals the prohibition that certain members shall not be eligible to serve as Chairperson of the HHFDC Board of Directors. Effective 7/1/3000. (HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.