Provides additional funding for the condominium loan program in Hawaii for fiscal year 2026-2027.

This bill allocates $100,000,000 for the condominium loan program in Hawaii for fiscal year 2026-2027. It authorizes the issuance of general obligation bonds to capitalize the program, which provides low-cost financing for maintenance or repair projects for qualified condominium associations. The funds will be managed by the Hawaii Green Infrastructure Authority on behalf of the Department of Business, Economic Development, and Tourism. The bill also allows for the transfer of funds from the loan revolving fund and the hurricane reserve trust fund to cover debt service on the bonds.

Provides additional funding for the condominium loan program in Hawaii for fiscal year 2026-2027.

This bill allocates $100,000,000 for the condominium loan program in Hawaii for fiscal year 2026-2027. It authorizes the issuance of general obligation bonds to capitalize the program, which provides low-cost financing for maintenance or repair projects for qualified condominium associations. The funds will be managed by the Hawaii Green Infrastructure Authority on behalf of the Department of Business, Economic Development, and Tourism. The bill also allows for the transfer of funds from the loan revolving fund and the hurricane reserve trust fund to cover debt service on the bonds.