RELATING TO THE HAWAII COMMUNITY DEVELOPMENT AUTHORITY.
What changed between versions
Replaced county-specific transit-oriented development infrastructure improvement districts with a single statewide Transit-Oriented Community Improvement Program administered by the HCDA.
Authorized the HCDA to issue revenue bonds to finance infrastructure development in transit-oriented community improvement program areas, lands within existing community development districts, and the stadium development district.
Appropriated funds from revenue bond proceeds and interest for fiscal year 2025-2026 to carry out the purposes of the Act, with a sunset provision on June 30, 2030.
Changed the board composition from multiple county-specific boards to a single statewide board with seven voting members including state agency directors, cultural specialists, and community representatives appointed by the governor, senate, and house.
Added authority for the board to assess user fees on beneficiaries of infrastructure improvements and establish user fee areas within program areas.
Expanded eligibility to include areas outside existing HCDA districts, including substantially undeveloped, blighted, or economically depressed areas throughout the state.
Replaced 'Transit-Oriented Development Infrastructure Improvement District' terminology with 'Transit-Oriented Community Improvement Program' and related terms throughout the statute.
Set the effective date as July 1, 3000, which appears to be a placeholder or error in the bill text.