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THE SENATE |
S.B. NO. |
859 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to capital improvement projects.
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 2019-2020 for the purpose of financing capital improvement projects for the State.
The sum appropriated shall be expended by the department of accounting and general services for the purposes of this Act.
SECTION 2. The appropriation made for the capital improvement projects 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.
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INTRODUCED BY: |
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Report Title:
CIP; General Obligation Bonds; State of Hawaii; Appropriation
Description:
Authorizes the issuance of general obligation bonds and appropriates moneys for capital improvement projects for the State.
The summary description
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not legislation or evidence of legislative intent.