Report Title:
Public Housing; Repair & Renovation; GO Bonds
Description:
Authorizes general obligation bond issuance and appropriates funds to repair and renovate vacant public housing units.
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THE SENATE |
S.B. NO. |
42 |
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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 public housing repair and renovation.
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 $100,000,000, 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 repairing and renovating vacant federal and state public housing units.
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 department of human services 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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