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property tax rate to the residential tier two property tax rate, shall be appropriated <br /> each fiscal year to County-sponsored programs designed to address housing and <br /> homelessness. This requirement shall not extend beyond June 30, 2027,unless <br /> otherwise amended by ordinance. Any remaining balance collected pursuant to this <br /> subsection at the end of the fiscal year shall be designated for this purpose." <br /> SECTION 2. Material to be repealed is bracketed and stricken.New material is <br /> underscored. In printing this ordinance,the brackets,bracketed and stricken material, and <br /> underscoring need not be included. <br /> SECTION 3. Severability. If any provision of this ordinance, or the application thereof <br /> to any person or circumstance, is held invalid, the invalidity does not affect other provisions or <br /> applications of the ordinance which can be given effect without the invalid provision or <br /> application, and to this end the provisions of this ordinance are severable. <br /> SECTION 4. This ordinance shall take effect upon its approval. <br /> INTRODUCED BY: <br /> COUNCIL ME ER, COUNTY OF HAWAI`I <br /> COUN IL MEMBER, COUNTY OF HAWAI`I <br /> , Hawai`i <br /> Date of Introduction: <br /> Date of 1st Reading: <br /> Date of 2nd Reading: <br /> Effective Date: <br /> REFERENCE Comm. 241.2 <br /> 2 <br />