Section 39B-5 - Semi-annual report status or use of allocationIn addition to the report required by section 39B-4, within thirty days of the end of each fiscal and calendar year, each county or any issuer shall submit a report to the department and Hawaii housing finance and development corporation on :
(1) The status or use of its portion of the allocation of the annual state ceiling, including any carryforward allocation, that has not been applied to an issuance of a qualified private bond; and(2) The status or use of its portion of the allocation of the annual state ceiling previously applied to an issuance of a qualified private bond and used to provide a new loan under the bond volume cap recycling program pursuant to section 39B-2(f) and section 146(i)(6) of the Internal Revenue Code of 1986, as amended, as evidenced by a certificate of the issuer or director of finance of a county, as applicable.
Amended by L 2024, c 35,§ 4, eff. 7/1/2024.Added by L 2022, c 182,§ 2, eff. 7/2/2022.