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)

Statutes affected:
HB1760: 39B-2, 39B-5, 201H-202
HB1760 HD1: 39B-2, 39B-5, 201H-202
HB1760 CD1: 39B-2, 39B-5, 201H-202
HB1760 SD1: 39B-2, 39B-5, 201H-202
Latest: 39B-2, 39B-5, 201H-202