HOUSE OF REPRESENTATIVES

H.B. NO.

1186

TWENTY-EIGHTH LEGISLATURE, 2015

H.D. 1

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO GENERAL OBLIGATION BONDS.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 


     SECTION 1.  Section 39-6, Hawaii Revised Statutes, is amended to read as follows:

     "§39-6  Premiums [to general fund].  (a)  The premiums received from the sale of any bonds issued pursuant to this part [shall] may be used for the purposes of section 39-2 or be a realization of the general fund of the State."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 3.  This Act shall take effect upon its approval.



 

Report Title:

Public Finance; General Obligation Bonds

 

Description:

Allocates premiums from general obligation bonds to be used for the purposes of section 39-2, Hawaii Revised Statutes.  (HB1186 HD1)

 

 

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