Report Title:
UHWO; GO Bonds
Description:
Appropriates general obligation bonds for site development at the University of Hawaii-West Oahu.
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THE SENATE |
S.B. NO. |
1189 |
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TWENTY-THIRD LEGISLATURE, 2005 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING AN APPROPRIATION FOR THE UNIVERSITY OF HAWAII-WEST OAHU.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The director of finance is authorized to issue general obligation bonds in the sum of $45,000,000, or so much thereof as may be necessary, and the same sum, or so much thereof as may be necessary, is appropriated for fiscal year 2005-2006 for the purpose of the following project:
Site development, University of Hawaii-West Oahu,
Kapolei, Oahu
Plans, design, and construction to provide the infrastructure necessary for the development of new campus facilities for the University of Hawaii-West Oahu and to support other private development situated on university property at Kapolei, Oahu that would enhance the development of a new campus.
SECTION 2. The appropriation made for the capital improvement project authorized by this Act shall not lapse at the end of the fiscal biennium for which the appropriation is made; provided that all moneys from the appropriation unencumbered as of June 30, 2008, shall lapse as of that date.
SECTION 3. The sum appropriated shall be expended by the University of Hawaii for the purposes of this Act.
SECTION 4. This Act shall take effect on July 1, 2005.
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INTRODUCED BY: |
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