REPORT TITLE:
Housing


DESCRIPTION:
Appropriates funds to design the reconstruction of building and
construction of the OR&L Building for low- and moderate-income
housing and/or state offices. (HB1596 HD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        1596
HOUSE OF REPRESENTATIVES                H.B. NO.           H.D. 1
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING
   AN APPROPRIATION FOR HOUSING.



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

 1      SECTION 1.  The State owns the property on which is located
 
 2 what is commonly known as the "OR&L Building" in Iwilei on the
 
 3 island of Oahu.  The purpose of this Act is to authorize the
 
 4 issuance of general obligation bonds and make an appropriation to
 
 5 design the renovation of building and constructing the OR&L
 
 6 Building for low- and moderate-income housing and/or state
 
 7 offices.
 
 8      SECTION 2.  The director of finance is authorized to issue
 
 9 general obligation bonds in the sum of $       or so much thereof
 
10 as may be necessary and the same sum or so much thereof as may be
 
11 necessary is appropriated for fiscal year 1999-2000 for the
 
12 capital improvement project below.
 
13      OR&L building, Oahu
 
14      Design for the renovation of building and construction of
 
15      low- and moderate-income housing and/or state offices.
 
16      Design                                             $178,500
 
17      Total funding                                       178,500
 

 
Page 2                                                     1596
                                     H.B. NO.           H.D. 1
                                                        
                                                        

 
 1      SECTION 3.  The appropriation made for the capital
 
 2 improvement project authorized in section 2 of this Act shall not
 
 3 lapse at the end of the fiscal year for which the appropriation
 
 4 is made; provided that all moneys that are unencumbered as of
 
 5 June 30, 2002, shall lapse as of that date.
 
 6      SECTION 4.  The sum appropriated in section 2 of this Act
 
 7 shall be expended by the housing and community development
 
 8 corporation of Hawaii for the purposes of this Act.
 
 9      SECTION 5.  This Act shall take effect on July 1, 1999.