REPORT TITLE:
HI Int. Cultural Center


DESCRIPTION:
Authorizes HCDA to lease 8 acres to the Hawaiian Chinese
Multicultural Museum and Archives and authorizes director of
finance to issue $20,000,000 in revenue bonds for a Hawaii
international cultural center.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                             3157
THE SENATE                              S.B. NO.           
TWENTIETH LEGISLATURE, 2000                                     
STATE OF HAWAII                                                 
                                                             
________________________________________________________________
________________________________________________________________


                     A  BILL  FOR  AN  ACT

RELATING TO THE HAWAII INTERNATIONAL CULTURAL CENTER.


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

 1      SECTION 1.  The legislature finds that nearly half of all
 
 2 visitors to the islands come to Hawaii to experience its diverse
 
 3 cultures, and the bonding of its multiethnic community.  The
 
 4 legislature further finds that in order to unify and solidify
 
 5 this bond, it is important to create a gathering place for
 
 6 discussion, mutual cooperation and understanding, and exhibitions
 
 7 that document the individual ethnic groups' history, culture, and
 
 8 heritage for the sake of present and future generations.
 
 9      The purpose of this Act is to authorize the Hawaii community
 
10 development authority to lease eight acres to the Hawaiian
 
11 Chinese Multicultural Museum and Archives and to issue revenue
 
12 revenue bonds for the creation of a Hawaii international cultural
 
13 center.
 
14      SECTION 2.  The Hawaii community development authority is
 
15 authorized to lease to the Hawaiian Chinese Multicultural Museum
 
16 and Archives eight acres for a Hawaii international cultural
 
17 center at a rate of $1 a year for forty years.
 
18      SECTION 3.  The director of finance is authorized to issue
 
19 revenue bonds in the sum of $20,000,000, or so much thereof as
 
20 may be necessary, and the same sum, or so much thereof as may be
 

 
Page 2                                                     3157
                                     S.B. NO.           
                                                        
                                                        

 
 1 necessary, is appropriated for fiscal year 2000-2001 for a Hawaii
 
 2 international cultural center.
 
 3      SECTION 4.  The appropriation made for the capital
 
 4 improvement project authorized in this Act shall not lapse at the
 
 5 end of the fiscal year for which the appropriation is made;
 
 6 provided that all moneys from the appropriation unencumbered as
 
 7 of June 30, 2002, shall lapse as of that date.
 
 8      SECTION 5.  The sum appropriated shall be expended by the
 
 9 Hawaii community development authority for the purpose of this
 
10 Act.
 
11      SECTION 6.  This Act shall take effect on July 1, 2000.
 
12 
 
13                           INTRODUCED BY:  _______________________