HRS §39B-5
Counties must report how they use bond allocations
This section requires each county or bond issuer to send a report to the state housing agency within 30 days after each fiscal and calendar year ends. The report must explain how their share of the state's bond allocation is being used, including any unused amounts or amounts used for new loans under a recycling program.
countiesstate agencies
The statute, as written — Semi-annual report status or use of allocation
In addition to the report required by section 39B-4, within thirty days of the end of each fiscal and calendar year, each county or any issuer shall submit a report to the department and Hawaii housing finance and development corporation on: (1) The status or use of its portion of the allocation of the annual state ceiling, including any carryforward allocation, that has not been applied to an issuance of a qualified private bond; and (2) The status or use of its portion of the allocation of the annual state ceiling previously applied to an issuance of a qualified private bond and used to provide a new loan under the bond volume cap recycling program pursuant to section 39B-2(f) and section 146(i)(6) of the Internal Revenue Code of 1986, as amended, as evidenced by a certificate of the issuer or director of finance of a county, as applicable.
Sections this one refers to
§39B-2 How the state's bond limit is split among counties
§39B-4 County bond allocation report and reversion
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.