A BILL FOR AN ACT

SECTION 1. The director of finance is authorized to issue general obligation bonds in the sum of $5,000,000, or so much thereof as may be necessary for fiscal year 2001-2002, and the sum of $5,000,000, or so much thereof as may be necessary for fiscal year 2002-2003, and the same sums, or so much thereof as may be necessary, are appropriated for fiscal years 2001-2002, and 2002-2003, respectively, for the following project for the Bernice Pauahi Bishop Museum, which is designated the State of Hawaii Museum of Natural and Cultural History.

Fiscal Year Fiscal Year

2001-2002  2002-2003 

Relocation of the

Bernice Pauahi Bishop

Museum to Kakaako Makai:

Plans, construction, and

equipment for one or

more buildings housing

the facilities,

administration areas,

and exhibits of the

Bernice Pauahi Bishop

Museum. $5,000,000 $5,000,000

SECTION 2. The appropriations made for capital improvement projects authorized in this Act shall not lapse at the end of the fiscal biennium for which the appropriations are made; provided that all appropriations which are unencumbered as of June 30, 2004, shall lapse as of that date.

SECTION 3. The sums appropriated shall be expended by the Hawaii community development authority for the purposes of this Act.

SECTION 4. This Act shall take effect on July 1, 2001.