Report Title:

$150 Million GO Bonds and Appropriation; UH West Oahu Campus

 

Description:

Authorizes issuance of $150 million in general obligation bonds during fiscal biennium 2005-2007 to finance the construction of UH-West Oahu campus facilities; directs the creation of public-private partnerships; allows up to 150 acres of adjacent land to be developed by private interests.

THE SENATE

S.B. NO.

1367

TWENTY-THIRD LEGISLATURE, 2005

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO THE PLANNING, DESIGNING, and construction of the university of hawaii-west oahu campus facilities.

 

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 following sums, or so much thereof as may be necessary, and the following sums, or so much thereof as may be necessary, are appropriated for fiscal biennium 2005-2007 for infrastructure needs of the University of Hawaii-West Oahu or for plans, design, and construction of the University of Hawaii-West Oahu campus facilities to be located on the 500-acre Kapolei makai site in Kapolei, Oahu approved for acquisition at the September 13, 2002, meeting of the University of Hawaii board of regents:

Plans $

Design $

Construction $

Total Funding $150,000,000

SECTION 2. The appropriations made for the capital improvement project authorized by this Act shall not lapse at the end of the fiscal year for which the appropriation is made; provided that all moneys from the appropriations unencumbered as of June 30, 2008, shall lapse as of that date.

SECTION 3. The sums appropriated shall be expended by the University of Hawaii for the purposes of this Act.

SECTION 4. Public-private partnerships. The University of Hawaii shall enter into a public-private partnership with one or more developers in order to construct and complete a permanent campus for the University of Hawaii-West Oahu; provided that the total acreage for which the University of Hawaii may exchange development rights to land contiguous to the University of Hawaii-West Oahu campus for campus construction pursuant to this section shall not exceed one hundred fifty acres.

SECTION 5. This Act shall take effect on July 1, 2005.

INTRODUCED BY:

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