THE SENATE |
S.B. NO. |
672 |
THIRTY-THIRD LEGISLATURE, 2025 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to capital improvement projects for the university of hAwaii.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
Accordingly, the purpose of this Act is to authorize the issuance of general obligation bonds and appropriate funds for the repair, maintenance, and demolition of buildings at the Waimanalo research station.
SECTION 2. The director of finance is authorized to issue general obligation bonds in the sum of $4,000,000 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 2025-2026 for the purpose of financing capital improvement projects as follows:
1. To be expended by the university of Hawaii:
A. Waimanalo research station, Oahu
Repair, maintenance, and demolition of buildings at the Waimanalo research station.
Construction $4,000,000
Total funding $4,000,000
SECTION 3. 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, 2028, shall lapse as of that date.
SECTION 4. This Act shall take effect on July 1, 2025.
INTRODUCED BY: |
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Report Title:
UH; CIP; Waimanalo Research Station; GO Bonds
Description:
Authorizes the issuance of general obligation bonds and appropriates funds for a capital improvement project for the repair, maintenance, and demolition of buildings at the Waimanalo Research Station.
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