THE SENATE

S.B. NO.

1501

THIRTIETH LEGISLATURE, 2019

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

Relating to the DEPARTMENT of hawaiian home lands.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  The director of finance is authorized to issue general obligation bonds in the sum of $214,918,100 or so much thereof as may be necessary and the same sum or so much thereof as may be necessary is appropriated for fiscal year 2019-2020 for the purpose of capital improvement projects including lot development, loans, and rehabilitation projects.

     SECTION 2.  The director of finance is authorized to issue general obligation bonds in the sum of $224,169,100 or so much thereof as may be necessary and the same sum or so much thereof as may be necessary is appropriated for fiscal year 2020-2021 for the purpose of capital improvement projects including lot development, loans, and rehabilitation projects.

     SECTION 3.  The sums appropriated in sections 1 and 2 of this Act shall be expended by the department of Hawaiian home lands for the purposes of this Act.

     SECTION 4.  The appropriation made for the capital improvement projects authorized by this Act shall not lapse at the end of the fiscal biennium for which the appropriation is made; provided that all moneys from the appropriation unencumbered as of June 30, 2022, shall lapse as of that date.

     SECTION 5.  This Act shall take effect on July 1, 2019.

 

INTRODUCED BY:

_____________________________

 

 

 

 

Report Title:

Budget; Department of Hawaiian Home Lands; CIP; Appropriation

 

Description:

Authorizes the issuance of general obligation bonds and appropriates funds for department of Hawaiian home lands capital improvement projects.

 

 

 

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