Report Title:
Convention Center Special Fund
Description:
Requires "gross" rather than "net" proceeds from convention center activities to be deposited into the convention center capital and operations special fund.
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THE SENATE |
S.B. NO. |
1307 |
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TWENTY-FIRST LEGISLATURE, 2001 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the convention center capital and operations special fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 206X-10.5, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) There is established in the state treasury the convention center capital and operations special fund, into which shall be deposited:
(1) A portion of the revenues from the transient accommodations tax, as provided by section 237D-6.5;
(2) All proceeds from revenue bonds issued by the authority;
(3) Appropriations by the legislature;
(4) All [net] gross revenues or moneys derived from the operations or use of the convention center;
(5) All or a portion of all [net] gross revenues derived from the operation of parking and garage facilities and other concessions at the convention center; and
(6) All or a portion of all [net] gross revenues derived from the food and beverage operations at the convention center facility."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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