SENATE FLOOR AMENDMENT
FLOOR AMENDMENT NO. 13 DATE: 04-29-03
TO: H.B. NO. 1152, H.D. 1, S.D. 1, C.D. 1
SECTION 1. H.B. No. 1152, H.D. 1, S.D. 1, C.D. 1, is amended by amending section 55 to read as follows:
"SECTION 55. The legislature determines that there is in the special land and development fund at least $3,000,000 in excess of the requirements of the fund. On July 1, 2004, the director of finance is authorized to transfer from the special land and development fund to the general fund the sum of $3,000,000 or so much thereof as may be necessary for fiscal year 2004-2005."
SECTION 2. H.B. No. 1152, H.D. 1, S.D. 1, C.D. 1, is amended by amending section 66 to read as follows:
"SECTION 66. This Act shall take effect on July 1, 2003, provided that:
(1) Sections 1, 2, 3, 4, 5, and 6 shall take effect on June 29, 2003;
(2) Sections 9, 10, 11, 12, 13, 14, 15, and 16 shall take effect on June 30, 2003; and
(3) Sections 7 and 8 shall take effect on July 1, 2004; provided further that any remaining balances in the Hawaii capital loan revolving fund and the Hawaii strategic development corporation revolving fund shall lapse to the general fund."
Offered by ___________________________ ( ) Carried
( ) Failed to Carry
( ) Withdrawn