THE SENATE	S.B. NO.	1324
THIRTIETH LEGISLATURE, 2019
STATE OF HAWAII

A BILL FOR AN ACT

relating to the agribusiness development corporation.

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 $900,000 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 2019-2020 for the purpose of capital improvement projects at the Christian Crossing Bridge for plans, design, construction, and equipment for improvements as follows:

Plans $1,000

Design $1,000

Construction $897,000

Equipment $1,000

Total funding $900,000

The sum appropriated shall be expended by the agribusiness development corporation for the purposes of this Act.

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, 2022, shall lapse as of that date.

SECTION 3. This Act shall take effect on July 1, 2019.

INTRODUCED BY:

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Report Title:

General Obligation Bonds; Christian Crossing Bridge; Agribusiness Development Corporation; CIP; Appropriation

Description:

Authorizes the issuance of general obligation bonds and appropriates funds for capital improvement projects for the Christian Crossing Bridge.

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