Report Title:

Maalaea Harbor; Bond authorization

Description:

Authorize issuance of GO bonds for repairs to Maalaea Harbor.

HOUSE OF REPRESENTATIVES

H.B. NO.

2548

TWENTY-SECOND LEGISLATURE, 2004

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS FOR MAALAEA HARBOR IMPROVEMENTS.

 

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 $1,320,000, 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 2004-2005, for the purpose of installing a temporary pump-out station, making required electrical repairs, and repaving roadways at Maalaea Harbor:

1. Repair of piers and installation of

temporary pump-out station $70,000

2. Repair of electrical system $400,000

3. Repaving of roadways $850,000

SECTION 2. The appropriation made for the capital improvement project authorized by the 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, 2006 shall lapse as of that date.

SECTION 3. The sum appropriated shall be expended by the department of land and natural resources for the purposes of this Act.

SECTION 4. This Act shall take effect on July 1, 2004.

 

 

INTRODUCED BY:

_____________________________