Report Title:

Waikane Valley; GO Bonds

Description:

Authorizes the issuance of general obligation bonds for the purchase of Waikane Valley from the federal government pending the removal of existing ordnance.

THE SENATE

S.B. NO.

2505

TWENTY-SECOND LEGISLATURE, 2004

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to waikane valley.

 

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 $          , 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 purchasing Waikane Valley from the federal government pending the removal of existing ordnance.

SECTION 2. The appropriation made for the purchase 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, 2007, 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:

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