Report Title:

General Obligation Bonds; CIP; 2nd Representative District

Description:

Authorizes issuance of general obligation bonds for capital improvement projects for the 2nd representative district.

HOUSE OF REPRESENTATIVES	H.B. NO.	926
TWENTY-FIFTH LEGISLATURE, 2009
STATE OF HAWAII

A BILL FOR AN ACT

AUTHORIZING THE issuance of general obligation bonds for capital improvement projects for the SECOND representative district.

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 $           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 2009-2010 for the purpose of financing capital improvement projects for the benefit of the second representative district, as follows:

1.   To be expended by the University of Hawaii at Hilo:

     A.   Hawaiian language building, Hawaii

          Construction of the Hawaiian language building.

          Construction     $19,893,000

              Total funding                       $     19,893,000

     B.   College of pharmacy, Hawaii

          Design of permanent building for the college of pharmacy.

          Design                                   $ 5,500,000

               Total funding                       $ 5,500,000

     SECTION 2.  The sums appropriated for the respective capital projects set forth in section 1 of this Act shall be expended by the University of Hawaii at Hilo for the purposes of this Act.

     SECTION 3.  The appropriations made for the capital improvement projects authorized by section 1 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 appropriations unencumbered as of June 30, 2010, shall lapse as of that date.

     SECTION 4.  This Act shall take effect on July 1, 2009.

INTRODUCED BY:

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