REPORT TITLE:
Airport Bond


DESCRIPTION:
Redefines "special facility" for special facility revenue bonds
and leases for airports to include cargo operations.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
HOUSE OF REPRESENTATIVES                H.B. NO.849        
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO SPECIAL FACILITY REVENUE BONDS FOR AIRPORTS.



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

 1      SECTION 1.  Section 261-51, Hawaii Revised Statutes, is
 
 2 amended by amending the definition of "special facility" to read
 
 3 as follows:
 
 4      ""Special facility" means one or more buildings, structures
 
 5 or facilities and the land thereof for the servicing of aircraft,
 
 6 for aeronautics, for cargo operations, for airports or for the
 
 7 comfort, accommodation and convenience of air travelers and
 
 8 airline employees which is the subject of a special facility
 
 9 lease."
 
10      SECTION 2.  New statutory material is underscored.
 
11      SECTION 3.  This Act shall take effect upon its approval.
 
12 
 
13                           INTRODUCED BY:  _______________________