THE SENATE

S.B. NO.

2809

THIRTIETH LEGISLATURE, 2020

S.D. 2

STATE OF HAWAII

H.D. 1

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO TRANSIT-ORIENTED DEVELOPMENT.

 

 

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 2020-2021 for statewide planning and coordination (BED144) for certain transit-oriented development projects identified in the state strategic plan for transit-oriented development.

     The sum appropriated shall be expended by the department of business, economic development, and tourism for the purposes of this Act.

     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, 2022, shall lapse as of that date.

     SECTION 3.  This Act shall take effect on July 1, 2050.


 


 

Report Title:

DBEDT; Office of Planning; Counties; Transit-Oriented Development; GO Bonds; Appropriation

 

Description:

Authorizes the director of finance to issue general obligation bonds to the department of business, economic development, and tourism for certain transit-oriented development projects.  Effective 7/1/2050.  (HD1)

 

 

 

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