Archive for March, 2012
The purpose of SB 2394 SD1 HD2 is to (1) Authorize the DCCA to enforce certain federal laws that protect military members and their families from abusive lending practices and (2) Create a mortgage loan purchase program within Hawaii housing finance and development corporation (HHFDC) to purchase mortgages from qualifying consumers who are facing foreclosure — similar to part of HB 2103 HD2, the State Bank bill.
HR 180 – Honoring the United States Navy for Strong Environmental Stewardship in Hawaii.
SB 2655 establishes provisions for the sale of portable electronics insurance and requires vendors to hold a limited lines license to sell or offer coverage under a policy.
HB 304 allows the Department of Budget and Finance to enter into agreements with other bond issuers to pool bond allocations.
Arguably, one of the worst bills to be introduced and passed through the 2012 legislative process so far is a proposal to create a State of Hawaii Bank.
It would be owned by taxpayers and operated by the state bureaucracy and governed by elected officials. Its primary purpose, as outlined in House Bill 2103, HD2, would be to purchase toxic mortgages and foreclosures on properties in the state of Hawaii.
For the entire article by Rep. Gene Ward, please visit http://www.staradvertiser.com/editorialspremium/20120314_Stateowned_bank_would_put_risks_on_taxpayers.html or http://houseminority.wordpress.com/2012/03/14/state-owned-bank-would-put-risks-on-taxpayers-by-rep-gene-ward/.
Minority Leader Gene Ward (R, Kalama Valley-Hawaii Kai) lamented what he called “hidden” aspects of the budget.
“Behind this budget are a lot of fees that are propping up this budget, fees that we don’t see but fees that are quite large,” he said.
For the entire article by B.J. Reyes, please visit http://www.staradvertiser.com/news/breaking/State_House_advances_111_billion_budget.html.
Lawmakers say they’re hesitant to pledge the possible extra money on spending measures. Things like an oil price spike could impact tourism; federal spending is in flux while tensions between Iran and Israel mount.
“Given these three clouds on the horizon are so threatening, it’s good news, but let’s wait and see and not get too excited about it,” said House Minority Leader Gene Ward.
For the entire article by KHON2’s Gina Mangieri, please visit http://www.khon2.com/news/local/story/Lawmakers-wind-up-with-more-from-mostly-favorable/G7dNee4lIEWn4CUXzYZJpQ.cspx.