Report Title:

University of Hawaii; Repair and Maintenance; Bonds; Appropriation

 

Description:

Appropriates the issuance of general obligation bonds and general revenues for the University of Hawaii's repair and maintenance projects.

 

THE SENATE

S.B. NO.

1153

TWENTY-FOURTH LEGISLATURE, 2007

 

STATE OF HAWAII

 

 

 

 

 

A BILL FOR AN ACT

 

 

authorizing the issuance of general obligations bonds and making an appropriation to reduce the repair and maintenance projects backlog for the university of hawaii facilities.

 

 

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

 

     SECTION 1.  The University of Hawaii's physical plant has accumulated a backlog of repairs and maintenance due to the lack of general funds.  This project includes reroofing, mechanical, and electrical systems, renovations, resurfacing, repainting, and other improvements and project costs to upgrade facilities at all university campuses. 

     Facilities provide the centerpiece around which all other educational activities exist at higher education institutions.  The total replacement value of all University of Hawaii facilities is estimated at $1,600,000,000.  Therefore, it is imperative to reinvest in the university's physical plant to ensure that the physical infrastructure facilitates the mission of the institution. 

     The role of repair and maintenance is to maintain the physical infrastructure and facilities of our campuses so that they are functional, architecturally sound, aesthetically pleasing, and in compliance with building and safety codes to support quality instruction, research, student, and community services programs. 

     The current backlog of repair and maintenance deficiencies at the University of Hawaii totals $165,000,000.  The purpose of this Act is to reduce the backlog of repair and maintenance projects at the University of Hawaii to a manageable level. 

     SECTION 2.  The director of finance is authorized to issue general obligation bonds in the sum of $80,000,000, or so much thereof as may be necessary, for fiscal year 2007-2008, and the sum of $60,000,000, or so much thereof as may be necessary, for fiscal year 2008-2009, and the same sums, or so much thereof as may be necessary, are appropriated for the purpose of reducing the backlog or repair and maintenance projects to manageable levels at the University of Hawaii system.

     The sums appropriated shall be expended by the University of Hawaii for the purposes of this Act.

     SECTION 3.  The sums appropriated under this Act shall be in addition to any other funds that may be appropriated for the same purposes of this Act.

     SECTION 4.  The appropriations made for the capital improvement projects authorized by section 2 of this Act shall not lapse at the end of the fiscal biennium for which the appropriations are made; provided that all moneys from the appropriation unencumbered as of June 30, 2010, shall lapse as of that date.

     SECTION 5.  This Act shall take effect on July 1, 2007.

 

INTRODUCED BY:

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