Report Title:

General Obligation Bonds; Road Construction; Ewa, Oahu

Description:

Authorizes the issuance of general obligation bonds and makes an appropriation for the design and construction of the North-South Road in Ewa, Oahu.

THE SENATE

S.B. NO.

1420

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

Authorizing the issuance of general obligation bonds and making an appropriation for the design and construction of the North-South Road in Ewa, Oahu.

 

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 $25,000,000, 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 2003-2004, for the design and construction of the North-South Road in Ewa, Oahu.

SECTION 2. 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, 2006, shall lapse as of that date.

SECTION 3. The sums appropriated shall be expended by the department of accounting and general services for the purposes of this Act.

SECTION 4. This Act shall take effect on July 1, 2003.

INTRODUCED BY:

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