Report Title:

HCDA; Special facility revenue bonds

Description:

Allows the HCDA to issue special facility revenue bonds for up to $20,000,000 from July 1, 2001, to June 30, 2011, to construct, furnish, and equip an ocean science center in Kakaako.

HOUSE OF REPRESENTATIVES

H.B. NO.

536

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO SPECIAL FACILITY REVENUE BONDS.

 

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

SECTION 1. Act 180, Session Laws of Hawaii 2001, is amended by amending section 3 to read as follows:

"SECTION 3. Pursuant to part VI, chapter 206E, Hawaii Revised Statutes, the Hawaii community development authority, with the approval of the governor, may issue in one or more series special facility revenue bonds in a total amount not to exceed $20,000,000 for the [fiscal biennium 2001-2003] period beginning July 1, 2001, and ending June 30, 2011, for the purpose of constructing, furnishing, and equipping an ocean science center in Kakaako. The legislature finds and determines that the ocean science center in Kakaako constitutes a special facility as defined in section 2 of this Act."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect on June 29, 2003.

INTRODUCED BY:

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