RELATING TO FINANCING.
What changed between versions
Created a new 'cesspool conversion loan special fund' under Chapter 196 of the Hawaii Revised Statutes to provide low-interest loans for cesspool upgrades.
Authorizes the Department of Health to transfer annual funding from Section 342D-83 of the Hawaii Revised Statutes to capitalize the new cesspool conversion loan special fund.
Appropriates funds for fiscal years 2025-2026 and 2026-2027 for program administration, billing system reprogramming, and direct financial assistance to eligible households.
Established eligibility criteria for low- and moderate-income homeowners to receive financing for cesspool conversion or connection to sewerage systems.
Requires the Hawaii Green Infrastructure Authority to create an on-bill financing program where loan repayments are collected on water bills through county utilities.
Requires counties to collaborate with the Hawaii Green Infrastructure Authority to implement the program, including reprogramming billing systems and automating electronic data transfers.
Added new functions and powers to the Hawaii Green Infrastructure Authority specifically for administering the cesspool conversion loan program, including hiring staff and entering into contracts.
Set the effective date of the Act to July 1, 3000, indicating this is a placeholder date for future legislative action.