Report Title:

GO Bonds; Wailuku Municipal Parking Structure

Description:

Authorizes the issuance of general obligation bonds to fund the design and construction of a Wailuku municipal parking structure. (SD1)

THE SENATE

S.B. NO.

3032

TWENTY-SECOND LEGISLATURE, 2004

S.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

authorizing the issuance of general obligation bonds and making an appropriation for a municipal parking structure at wailuku, maui.

 

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 building a Wailuku municipal parking structure on Maui.

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 sum appropriated shall be expended by the city and county of Maui for the purposes of this Act.

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