§201H-191.5 Regional state infrastructure subaccounts. (a) The corporation, upon request by a county, may establish and operate a regional state infrastructure subaccount within the dwelling unit revolving fund established pursuant to section 201H-191 for the benefit of the housing and mixed-use transit-oriented development projects within the county.
(b) Each regional state infrastructure subaccount shall consist of the following sources of revenue:
(c) The corporation shall expend revenues in the subaccounts to make grants and loans to state agencies, and loans to counties or private developers, for the costs, in whole or in part, of infrastructure improvements that would increase the capacity of the infrastructure facilities, including regional sewer systems, water systems, drainage systems, roads, and telecommunications and broadband.
(d) Whenever the corporation undertakes, or causes to be undertaken, a regional infrastructure improvement project, the cost of providing regional infrastructure improvements may be assessed against housing and mixed-use transit-oriented development projects specially benefiting from the improvements, and the corporation shall take into consideration previous contributions by project owners to infrastructure improvements; provided that:
(e) Grants and loans shall be made only for capital improvement projects approved by the respective county council and mayor, or state agency, as applicable, with a view towards planned growth rather than upkeep and maintenance. The Hawaii interagency council for transit-oriented development shall review and make recommendations on applications for subaccount funds for infrastructure projects related to transit-oriented development.
(f) Eligible costs shall include those for planning, design, feasibility studies, construction, and materials. No grant or loan shall be made:
(g) The corporation may also expend revenues in the subaccounts to repay:
(h) The corporation may accept improved land from the counties or private developers in repayment of their loans.
(i) The corporation shall adopt rules in accordance with chapter 91 for the purposes of this section. [L 2016, c 132, §2; am L 2021, c 95, §1; am L 2024, c 34, §3]