Legislative Session number- 82

Bill Name: SF2345

Updating and modifying certain bonding authority allocation provisions; adding
student loan bonds to the definition of small issue pool and removing the bonds
from the definition of public facilities pool, clarifying the definition of
student loan bonds; expanding the definition of public facilities project to
facilities owned by nonprofit organizations and used for district heating or
cooling; increasing the allocation amounts; eliminating the authority of
entitlement issuers to use allocations for public facilities bonds; requiring
submission to the housing finance agency of certain information relating to the
use of mortgage revenue bond and credit certificate proceeds; clarifying the
application fee payment requirement of entitlement issuers; modifying the
entitlement allocation deduction requirement; requiring commissioner of finance
posting on the department web site of entitlement allocation amounts in lieu of
issuer notice; expanding the scoring system to enterprise zone facility projects
and modifying the total score formula, providing points for projects located in
incorporated or planned urban growth areas and for certain brownfield projects
and projects with favorable environmental citizenship; modifying project
eligibility for residential rental bond proceeds use and applying the 15-year
agreement requirement only to rent or income restricted units; modifying and
clarifying certain application requirements for manufacturing, housing, public
facilities and unified pool allocations and modifying certain housing, small
issue, public facilities and unified pool allocation requirements; reducing the
public facilities pool reservation requirement; removing the exemptions for the
HFA and the rural finance authority (RFA) from certain allocation return and
refund deposit requirements; exempting the higher education services office
(HESO) from the -day issuance requirements and authorizing a student loan bonds
carryforward; providing for the issuance of remaining unified pool bonding
authority as mortgage bonds for single family housing programs for certain
cities, specifying certain duties of the HFA and clarifying the carryforward
requirement; requiring entitlement issuers to notify the department of finance
of allocations from current year entitlement or carryforward authority;
modifying the deadline for notice to the department of the issuance of
obligations, cancelling allocations and allocating bonding authority to the HFA
for failure to comply; exempting the HFA from the carryforward notice
requirement for the carryforward of unallocated unified pool balances(je)