Report Title:

Hana Boat Ramp; General Obligation Bonds

Description:

Authorizes issuance of general obligation bonds for Hana boat ramp.

THE SENATE	S.B. NO.	1032
TWENTY-FOURTH LEGISLATURE, 2007
STATE OF HAWAII

A BILL FOR AN ACT

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING AN APPROPRIATION FOR HANA BOAT RAMP.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  The legislature finds that ensuring access by the sea to Hana, Maui, is vital to the community.  During and following severe weather, Hana is occasionally severed from the rest of the islands.  During these times, the only road to Hana is impassable and airline service is suspended.  Therefore, sea access becomes critical to deliver necessary emergency supplies and personnel, when alternative modes of transportation are unavailable.

     The State condemned the old Hana wharf in 2003 and the design of improvements to the boat ramp began in 2006.

     The purpose of this Act is to authorize the issuance of general obligation bonds and to appropriate funds for the completion of improvements to the Hana boat ramp.

     SECTION 2.  The director of finance is authorized to issue general obligation bonds in the sum of $3,500,000, 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 2007-2008, for the purpose of completing improvements to Hana boat ramp.

     The sum appropriated shall be expended by the department of land and natural resources for the purposes of this Act.

     SECTION 3.  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, 2010, shall lapse as of that date.

     SECTION 4.  This Act shall take effect on July 1, 2007.

INTRODUCED BY:

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