Makes an emergency appropriation of $25,000,000 in general revenues to pay for unanticipated losses that were incurred by the University of Hawaii as a result of the October 30, 2004, flood in Manoa. (SD2)

A BILL FOR AN ACT

SECTION 1. This Act is recommended by the governor for immediate passage in accordance with section 9 of article VII of the Constitution of the State of Hawaii.

SECTION 2. The purpose of this Act is to make an emergency appropriation out of State of Hawaii general revenues of $25,000,000, for fiscal year 2004-2005 in order to pay for losses incurred by the University of Hawaii as a result of the October 30, 2004 flood. The funds shall be expended for the purpose of cleaning, repairing, or replacing damaged or destroyed university property, and for reimbursing the University of Hawaii for funds that have already been spent cleaning, repairing, and replacing damaged or destroyed university property.

SECTION 3. There is appropriated out of the general revenues of the State of Hawaii the sum of $25,000,000, or so much thereof as may be necessary, for fiscal year 2004-2005, for the purpose of cleaning, repairing, or replacing damaged or destroyed University of Hawaii property and for reimbursing the University of Hawaii for funds that have already been spent cleaning, repairing and replacing damaged or destroyed university property as a result of the October 30, 2004 flood.

The sum appropriated shall be expended by the University of Hawaii for the purpose of this section.

SECTION 4. This Act shall take effect upon its approval.