reglab/housing_qa huggingface dataset:
HI Rev Stat § 201H-75 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-75 Trustee; designation, duties.

 §201H-75 Trustee; designation, duties. (a) The corporation may designate a trustee for each issue of bonds secured under the same trust indenture; provided that the trustee shall be approved by the director of finance.  (b) The trustee shall be authorized by the corporation to receive and receipt for, hold, and administer the proceeds of the bonds, and to apply the proceeds to the purposes for which the bonds are issued.  (c) The trustee shall also be authorized by the corporation to hold and administer any housing project bond revolving funds and housing loan program revenue bond revolving funds established pursuant to section 201H-80. The trustee may receive and receipt for, hold, and administer the revenues derived by the corporation from any housing project or projects or loan program for which the bonds are issued or the projects or loan programs pledged to the payment of the bonds. The trustee shall apply the revenues to the payment of the cost of administering, operating, and maintaining the housing project or projects or loan program; to pay the principal of and the interest on the bonds; to the establishment of reserves; and to other purposes as may be authorized in the proceedings providing for the issuance of the bonds.  (d) Notwithstanding section 39-68, the director of finance may appoint the trustee to serve as fiscal agent for:  (1) The payment of the principal of and interest on the bonds; and  (2) The purchase, registration, transfer, exchange, and redemption of the bonds.  (e) The trustee shall perform additional functions with respect to the payment, purchase, registration, transfer, exchange, and redemption, as the director of finance may deem necessary, advisable, or expeditious, including the holding of the bonds and coupons, if any, that have been paid and the supervision of their destruction in accordance with law.  (f) Nothing in this part shall limit or be construed to limit the powers granted to the director of finance in sections 36-3, 39-13, and 39-68(a), to appoint the trustee or others as fiscal agents, paying agents, and registrars for the bonds or to authorize and empower those fiscal agents, paying agents, and registrars to perform the functions referred to in those sections. [L 2006, c 180, pt of §4; am L 2015, c 237, §15]
HI Rev Stat § 201H-76 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-76 Trust indenture.

 §201H-76 Trust indenture. (a) A trust indenture may contain covenants and provisions authorized by part III of chapter 39, and as deemed necessary or convenient by the corporation for the purposes of this part.  (b) A trust indenture may allow the corporation to pledge and assign to the trustee agreements related to the housing project or projects or loan program and the rights of the corporation thereunder, including the right to receive revenues thereunder and to enforce the provision thereof.  (c) Where a trust indenture provides that any bond issued under that trust indenture is not valid or obligatory for any purpose unless certified or authenticated by the trustee, all signatures of the officers of the State upon the bonds required by section 39-56 may be facsimiles of their signatures.  (d) A trust indenture shall also contain provisions as to:  (1) The investment of the proceeds of the bonds, the investment of any reserve for the bonds, the investment of the revenues of the housing project or system of housing projects or the loan program, and the use and application of the earnings from investments; and  (2) The terms and conditions upon which the holders of the bonds or any portion of them or any trustee thereof may institute proceedings for the enforcement of any agreement or any note or other undertaking, obligation, or property securing the payment of the bonds and the use and application of the moneys derived therefrom.  (e) A trust indenture may also contain provisions deemed necessary or desirable by the corporation to obtain or permit, by grant, interest subsidy, or otherwise, the participation of the federal government in the housing projects or loan programs or in the financing of the costs of administering, operating, or maintaining the housing projects or loan programs. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-77 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-77 Investment of reserves, etc.

 §201H-77 Investment of reserves, etc. The corporation may invest any funds held in reserves or sinking funds or any funds not required for immediate disbursement, including the proceeds of bonds, in property or securities in which the director of finance may legally invest, as provided in section 36-21, except that funds held outside the state treasury may be invested for terms not to exceed thirty-five years. No provisions with respect to the acquisition, operation, or disposition of property by other government agencies shall be applicable to the corporation unless the legislature shall specifically so state. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-78 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-78 Security for funds deposited by the corporation.

 §201H-78 Security for funds deposited by the corporation. The corporation may by resolution provide that all moneys deposited by it shall be secured by:  (1) Any securities by which funds deposited by the director of finance may be legally secured as provided in section 38-3; or  (2) An undertaking with sureties as are approved by the corporation faithfully to keep and pay over upon the order of the corporation any deposits and agreed interest thereon, and all banks and trust companies are authorized to give any such security for those deposits. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-79 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-79 Arbitrage provisions, interest rate.

 §201H-79 Arbitrage provisions, interest rate. (a) Any other provision of law to the contrary notwithstanding, neither the corporation nor the director of finance shall make loans or purchase mortgages with the proceeds of general obligation bonds of the State or from a revolving fund established or maintained from the proceeds of bonds, at a rate of interest or upon terms and conditions that would cause any general obligation bond of the State or any bond to be an "arbitrage bond" within the meaning of that term as defined in the Internal Revenue Code of 1986, as amended, and the regulations of the Internal Revenue Service promulgated pursuant thereto.  (b) The rate of interest on loans made under this chapter from the proceeds of general obligation bonds of the State shall be established by the corporation, with the approval of the director of finance, after each sale of general obligation bonds of the State, the proceeds of which are to be used for the purposes of making loans or purchasing mortgages under this chapter. If no sale of general obligation bonds of the State intervenes in a twelve-month period after the last rate fixing, the corporation may review the then existing rates on loans or mortgages made under this chapter from the proceeds of general obligation bonds of the State and retain the existing rate or, with the approval of the director of finance, establish different rates.  (c) The director of finance shall approve those rates so as to produce up to, but not in excess of, the maximum yield to the State or the corporation permitted under the Internal Revenue Code of 1986, as amended, and the regulations of the Internal Revenue Service promulgated pursuant thereto, on the assumption that the general obligation bonds of the State, the proceeds of which have been or are to be used for the purposes of making loans or purchasing mortgages under this chapter, would otherwise be "arbitrage bonds" under the Internal Revenue Code of 1986, as amended, and the regulations of the Internal Revenue Service promulgated pursuant thereto, were the maximum yield to be exceeded. The establishment of the rates of interest shall be exempt from chapter 91. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-80 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-80 Housing finance revolving fund; bond revolving funds.

  §201H-80 Housing finance revolving fund; bond revolving funds. (a) There is created a housing finance revolving fund to be administered by the corporation. Notwithstanding sections 36-21 and 201H-191, the proceeds in the fund shall be used for long-term and other special financings of the corporation and for the necessary expenses in administering this part.  (b) All moneys received and collected by the corporation, not otherwise pledged or obligated nor required by law to be placed in any other special or revolving fund, shall be deposited in the housing finance revolving fund.  (c) A separate revolving fund shall be established for each housing project or system of housing projects or loan program financed from the proceeds of bonds secured under the same trust indenture. Each fund shall be designated "housing project bond revolving fund" or "housing loan program revenue bond revolving fund", as appropriate, and shall bear any additional designation as the corporation deems appropriate to properly identify the fund.  (d) Notwithstanding any other law to the contrary, all revenues, income, and receipts derived from a housing project or system of projects or loan program financed from the proceeds of bonds or pledged to the payment of the principal of and interest and premium on bonds, shall be paid into the housing project bond revolving fund or housing loan program revenue bond revolving fund established for the housing project or system of projects or loan program and applied as provided in the proceedings authorizing the issuance of the bonds. [L 2006, c 180, pt of §4; am L 2015, c 237, §16]
HI Rev Stat § 201H-81 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-81 REPEALED.

 §201H-81 REPEALED.  L 2014, c 132, §4.
HI Rev Stat § 201H-82 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-82 Rate of wages for laborers and mechanics.

 §201H-82 Rate of wages for laborers and mechanics. The corporation shall require an eligible bidder or eligible developer of a housing project developed under this subpart to comply with the requirements of section 104-2 for those laborers and mechanics hired to work on that housing project; provided that this section shall not apply to a housing project developed under this chapter if the entire cost of the project is less than $500,000 and the eligible bidder or eligible developer is a private nonprofit organization. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-85 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-85 REPEALED.

  §201H-85 REPEALED. L 2015, c 237, §3.
HI Rev Stat § 201H-90 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-90 Additional powers.

 §201H-90 Additional powers. The powers conferred upon the corporation by this subpart shall be in addition and supplemental to the powers conferred by any other law, and nothing in this subpart shall be construed as limiting any powers, rights, privileges, or immunities so conferred. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-92 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-92 Owner-occupancy requirement.

 §201H-92 Owner-occupancy requirement. (a) An eligible borrower shall use the dwelling unit purchased under this subpart as the eligible borrower's permanent and primary residence.  (b) From time to time, the corporation may submit a verification of owner-occupancy form to the eligible borrower. Failure to respond to this verification in a timely manner may result in an immediate escalation of the interest rate or acceleration of the eligible loan.  (c) For eligible borrowers in the process of selling or transferring title to their property, the corporation may grant a waiver of subsection (a) for a period not to exceed three years and for reasons set forth in section 201H-49 on a case-by-case basis. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-93 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-93 Eligible borrowers.

 §201H-93 Eligible borrowers. (a) The corporation shall establish the qualifications of the eligible borrower, and may consider the following:  (1) The proportion of income spent for shelter;  (2) Size of the family;  (3) Cost and condition of housing available to the total housing market; and  (4) Ability of the person to compete successfully in the normal housing market and to pay the amounts on which private enterprise is providing loans for safe, decent, and sanitary housing in the State.  (b) The family income of an eligible borrower shall not exceed the income requirements of section 143(f) of the Internal Revenue Code of 1986, as amended.  (c) For the purpose of determining the qualification of an eligible borrower for an eligible improvement loan:  (1) The dwelling unit for which the eligible improvement loan is to be made and the property on which the dwelling unit is situated shall not be included in the calculation of the eligible borrower's assets; and  (2) The mortgage secured by the dwelling unit and property shall not be included in the calculation of the eligible borrower's liabilities.  (d) For the purpose of determining the qualification of an eligible borrower for an eligible loan for a targeted area residence:  (1) The dwelling unit being replaced and the property on which the dwelling unit is situated shall not be included in the calculation of the eligible borrower's assets; and  (2) The mortgage secured by the dwelling unit and the property shall not be included in the calculation of the eligible borrower's liabilities. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-94 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-94 Eligible loans.

  §201H-94 Eligible loans. (a) The corporation shall establish requirements for property financed by an eligible loan, and may consider the location, age, condition, and other characteristics of the property.  (b) The corporation shall establish restrictions on the terms, maturities, interest rates, collateral, and other requirements for eligible loans.  (c) All eligible loans made shall comply with applicable state and federal laws.  (d) Notwithstanding any other provision of law, the corporation may provide homebuyer assistance in conjunction with eligible loans through loans or other means; provided that the homebuyer assistance:  (1) Is repaid through consideration to the corporation, including borrower repayments; and  (2) Meets restrictions and requirements as established in rules adopted by the corporation. [L 2006, c 180, pt of §4; am L 2013, c 135, §3]
HI Rev Stat § 201H-95 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-95 Eligible project loans.

 §201H-95 Eligible project loans. (a) The corporation shall establish requirements for rental housing projects to be financed by an eligible project loan, and may consider the location, age, condition, and other characteristics of the project.  (b) The corporation shall establish restrictions on the terms, maturities, interest rates, and other requirements for eligible project loans.  (c) The corporation shall establish restrictions on the prepayment of eligible project loans and on the transfer of ownership of the projects securing eligible project loans.  (d) The corporation shall require that any sums deferred on land leased at nominal rates by the corporation to the owner of a rental housing project shall be recovered by the corporation at the time an eligible project loan is prepaid, whether as a result of refinancing of the eligible project loan or otherwise, to the extent that funds are available from the refinancing or other method by which the eligible project loan is paid in full prior to its due date.  (e) The corporation shall enter into an agreement with the owner of a rental housing project to be financed with an eligible project loan which shall provide that in the event that the eligible project loan is at any time prepaid for the purpose of converting the rental units of such project to ownership units, all tenants at the time of the proposed conversion shall have the first option to purchase their units.  (f) All eligible project loans shall comply with applicable state and federal laws.  (g) The corporation shall submit an annual report to the legislature no later than twenty days prior to the convening of each regular session describing the multifamily revenue bond activity under this section. The following information shall be reported:  (1) The amount of multifamily revenue bond authority utilized and remaining balance;  (2) A description of multifamily project activity including dates, project names and descriptions, and bond amounts for the following activities:  (A) Application;  (B) Approval of inducement resolution;  (C) Approval to issue bonds; and  (D) Issuance of bonds; and  (3) A summary of the activity of the fund by quarter. [L 2006, c 180, pt of §4; am L 2017, c 175, §3]
HI Rev Stat § 201H-96 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-96 Eligible improvement loans.

 §201H-96 Eligible improvement loans. (a) The corporation shall establish requirements for property financed by an eligible improvement loan, and may consider the location, age, condition, value, and other characteristics of the property.  (b) The corporation shall establish restrictions on the terms, maturities, interest rates, collateral, and other requirements for eligible improvement loans.  (c) All eligible improvement loans made shall comply with applicable state and federal laws. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-97 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-97 Housing loan programs; procedures and requirements.

 §201H-97 Housing loan programs; procedures and requirements. (a) The corporation shall establish procedures for:  (1) The making of advance commitments to purchase and the purchasing of eligible loans, eligible improvement loans, or eligible project loans to be made by mortgage lenders by auction, invitation of lenders, or negotiation; and  (2) Loan applications made through mortgage lenders to eligible borrowers or qualified sponsors.  (b) The corporation shall establish standards and requirements for:  (1) The allocation of loans to mortgage lenders;  (2) The allocation of funds to purchase existing loans from mortgage lenders;  (3) The making of advance commitments and allocation of funds to purchase eligible loans, eligible improvement loans, or eligible project loans from mortgage lenders; and  (4) The participation by mortgage lenders as originators and processors of eligible loans, eligible improvement loans, or eligible project loans on behalf of the corporation.  (c) The standards and requirements for the allocation of funds to mortgage lenders shall be adopted by the corporation and shall be designed to include the maximum number of qualified mortgage lenders as participants in the housing loan programs. [L 2006, c 180, pt of §4; am L 2013, c 135, §4]
HI Rev Stat § 201H-98 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-98 Housing loan programs; general powers.

 §201H-98 Housing loan programs; general powers. (a) The corporation may make, enter into, and enforce all contracts or agreements that are necessary, convenient, or desirable in the performance of its duties in executing the housing loan programs.  (b) The corporation may require representations and warranties as it determines necessary to secure its loans. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-99 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-99 Housing loan programs; self-supporting.

 §201H-99 Housing loan programs; self-supporting. The interest rate, fees, charges, premiums, and other terms of the loans made under the housing loan programs shall be at least sufficient to pay the cost of administering and maintaining the portion of the specific housing loan programs for which the bonds have been issued, and to assure payment of the principal of and interest on the bonds as they become due. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-100 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-100 Housing loan programs; fees.

  §201H-100 Housing loan programs; fees. The corporation may establish, revise, charge, and collect fees, premiums, and charges as necessary, reasonable, or convenient, for its housing loan programs. The fees, premiums, and charges shall be deposited into the housing loan program revenue bond revolving fund established for the particular housing loan program or part thereof from which the fees, premiums, and charges are derived as determined by the corporation. [L 2006, c 180, pt of §4; am L 2015, c 237, §17]
HI Rev Stat § 201H-101 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-101 Housing loan programs; evidence of eligible loan, eligible improvement loan, or eligible project loan.

 §201H-101 Housing loan programs; evidence of eligible loan, eligible improvement loan, or eligible project loan. (a) Each mortgage lender who participates in any housing loan program shall submit evidence, as deemed satisfactory by the corporation, that eligible loans, eligible improvement loans, or eligible project loans have been made from the proceeds of the bonds.  (b) The corporation may inspect the books and records of the mortgage lenders as may be necessary for the purposes of this section. [L 2006, c 180, pt of §4]
HI Rev Stat § 201H-105 (2021)
2021 Hawaii Revised Statutes|Title 13. Planning and Economic Development|201H. Hawaii Housing Finance and Development Corporation|201H-105 Advance commitments program.

 §201H-105 Advance commitments program. (a) The corporation may contract with a mortgage lender for the advance commitment to purchase eligible loans, eligible improvement loans, or eligible project loans.  (b) The contract may contain provisions as determined by the corporation to be necessary or appropriate to provide security for its bonds. Notwithstanding any other law to the contrary, project loans may be made available for housing projects on Hawaiian home lands pursuant to the Hawaiian Homes Commission Act, 1920, as amended. [L 2006, c 180, pt of §4]