HomeMy WebLinkAboutRES 646 Draft 01 1980-1984•«M .~.~
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County of Hawaii-State of Hawaii
Resolution No ~4s s
(AMENDED)
WHEREAS, pursuant to the Federal Mortgage Subsidy Bond Tax Act of
1980 the total principal amount of qualified mortgage bonds which may be
issued in the State of Hawaii in any cal~nd~r year cannot exceed $200
million and the legislature of the State of Hawaii may allocate such
amount among governmental units in the State; and
WHEREAS, the 1982 Regular Session of the Legislature of the State of
Hawaii enacted Act 279, Session laws of Hawaii 1982, which Act was
approved by the Governor on June 18, 1982, and among other things,
allocated $20 million of the permitted principal amount of qualified
mortgage bonds which may be issued under the aforesaid Mortgage Subsidy
Bond Tax Act of 1980 to the County of Hawaii and provided that by
resolution of its legislative body, a county may assign its allocation
for a specified calendar year to the Hawaii Housing Authority; and
WHEREAS, the Council of the County of Hawaii finds it is in the best
interest of the residents of the County of Hawaii to assign the
allocation made to the County of Hawaii in Act 279, Session Laws of
Hawaii 1982, to the Hawaii Housing Authority for the calendar year 1983,
and desires hereby to make such assignment; now therefore,
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Be It Resolved by the Council of the County of Hawaii:
1. The County of Hawaii hereby unconditionally assigns the sum
of $10.5 million of its allocation under Act 279, Session
Laws of Hawaii 1982, to the Hawaii Housing Authority for
the calendar year 1983.
2. This resolution shall constitute the resolution required by
Act 279, Session Laws of Hawaii 1982, to effectuate the
assignment of the allocation made to~ the County of Hawaii
by said Act to the Hawaii Housing Authority and shall take
effect upon approval.
BE IT FURTHER RESOLVED that a copy of this resolution be transmitted
to the Hawaii Housing Authority, the Department of Finance and the Office
of Housing and Community Development
Dated at Hilo, Hawaii, this
22nd day of,
June 1983.
INTRODUCED BY:
COUNCIL MEMBER, COUNTY OF HAWAII
COUNTY COUNCIL
County of Hawaii
Hilo, Hawaii
I hereby certify that the foregoing RESOLUTION was by the vote indicated to
the right hereof adopted by the COUNCIL of the County of Hawaii on
June 22, 19.83
ATTEST:
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COUNTY CL K AIR AN R SIDING OFFICER
ROLL CALL VOTE
AYES NOES A/E
Dahlberg X
De Luz, III X
Domingo x
Fujii X
Hale x
Kawahara x
Lai X
1 Chr. Yamashiro I X I I
Reference:
M.B. No.
RESOwrioN No. 646 ~~
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