REPORT TITLE:
Airport Bond


DESCRIPTION:
Redefines "special facility" for special facility revenue bonds
and leases for airports to include cargo facilities and
operations. (SD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        959
THE SENATE                              S.B. NO.           S.D. 1
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO SPECIAL FACILITY REVENUE BONDS FOR AIRPORTS.



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

 1      SECTION 1.  Section 261-51, Hawaii Revised Statutes, is
 
 2 amended by amending the definition of "special facility" to read
 
 3 as follows:
 
 4      ""Special facility" means one or more buildings, structures,
 
 5 or facilities and the land thereof for the servicing of aircraft,
 
 6 for aeronautics, for cargo facilities and operations, for
 
 7 airports or for the comfort, accommodation, and convenience of
 
 8 air travelers and airline employees which is the subject of a
 
 9 special facility lease."
 
10      SECTION 2.  New statutory material is underscored.
 
11      SECTION 3.  This Act shall take effect upon its approval.