SB 40 Hawaii Senate · 2025 Regular Session

RELATING TO STATE FINANCES.

Summary

Authorizes the Hawaii Housing Finance and Development Corporation to utilize revenue bonds when securing a line of credit or other instrument of indebtedness for the Bond Volume Cap Recycling Program. Effective 7/1/3000. (HD1)

Issues: ✓ Housing

Sub-Topics: Housing Finance Property Development

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

Senate Passage

Mar 2025

House Passage

Governor

Introduced Jan 8, 2025 Last action Mar 18, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

SB40_SD1 → SB40_SD2 · 3 edits

MINOR

The bill was renumbered from SD1 to SD2, and the most significant substantive change is the effective date being altered from July 1, 2025 to July 1, 2050, which delays when the new authority takes effect by 25 years. The core legislative content regarding the Hawaii Housing Finance and Development Corporation's ability to use revenue bonds for the Bond Volume Cap Recycling Program remains unchanged.

Scope change

The bill's scope regarding the authorization of revenue bonds remains the same, but the timeline for implementation has been significantly extended.

TIMELINE

The effective date of the Act was changed from July 1, 2025 to July 1, 2050, delaying when the new bond authority becomes active.

TECHNICAL

The bill was renumbered from SD1 to SD2, indicating a revision in the legislative process.

Metadata and formatting information was updated including author names, timestamps, and document identifiers.

Floor votes · Senate Mar 4, 2025

How they voted

25–0

Passed

Total votes 25

Mar 4, 2025

D Democratic22

22 Yea

100% Yea

R Republican3

3 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 18, 2025

Committee

Reported from HSG (Stand. Com. Rep. No. 1350) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 14, 2025

Lower · Passed

The committee on HSG recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Evslin, Miyake, Grandinetti, Kila, Kitagawa, La Chica, Muraoka; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Cochran, Pierick.

lower

Mar 6, 2025

Committee

Referred to HSG, FIN, referral sheet 19

lower

Mar 4, 2025

Introduced

Received from Senate (Sen. Com. No. 71) in amended form (SD 2).

lower

Mar 4, 2025

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 19, 2025

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 14, 2025

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-19-25 10:02AM; Conference Room 211 & Videoconference.

upper

Jan 29, 2025

Committee

Reported from HOU (Stand. Com. Rep. No. 1) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 23, 2025

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

upper

Jan 17, 2025

Upper · Passed

The committee(s) on HOU has scheduled a public hearing on 01-23-25 1:30PM; Conference Room 225 & Videoconference.

upper

Jan 16, 2025

Committee

Referred to HOU, WAM.

upper

Jan 15, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 8, 2025

Introduced

Pending Introduction.

upper

5 primary · 2 co-sponsors