Plain English Breakdown
The bill summary and text do not provide specific details on the continuation or modification of existing laws regarding how counties can use bond money for housing projects.
Removing Time Limit for County Housing Projects
This bill removes the time limit that stops counties from developing mixed-use housing projects after a certain date.
What This Bill Does
- Removes the end date when counties can no longer develop, build, or finance mixed-use housing developments.
Who It Names or Affects
- Counties in Hawaii that want to develop mixed-use housing projects
Terms To Know
- Mixed-Use Development
- A project that includes different types of buildings, like homes and businesses, all in one area.
- Bond Proceeds
- Money raised by selling bonds to investors, which is then used for projects like building housing.
Limits and Unknowns
- The bill does not change other laws about what kinds of housing can be built.
- It only affects counties in Hawaii and their ability to use bond money after a certain date.
- The bill will take effect when it is approved by the legislature.