Report Title:

Environmental Site Cleanup

Description:

Repeals the sunset date of the Hawaii brownfields revolving loan fund to enable the State to continue to offer low-cost loans to enable eligible borrowers for the cleanup of contaminated properties.  (SD1)

THE SENATE	S.B. NO.	1364
TWENTY-FOURTH LEGISLATURE, 2007		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO ENVIRONMENTAL SITE CLEANUP.

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

     SECTION 1.  The purpose of this Act is to repeal the sunset date of the Hawaii brownfields cleanup revolving loan fund, to enable the State to continue to offer low-cost loans to eligible borrowers for the cleanup of contaminated properties.

     SECTION 2.  Act 173, Session Laws of Hawaii 2002, is amended by amending section 5 to read as follows:

     "SECTION 5.  This Act shall take effect on July 1, 2002[, and shall be repealed on June 30, 2007]."

     SECTION 3.  Statutory material to be repealed is bracketed and stricken. 

     SECTION 4.  This Act shall take effect on June 29, 2007.