HOUSE OF REPRESENTATIVES

H.B. NO.

2698

TWENTY-EIGHTH LEGISLATURE, 2016

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO THE DEPARTMENT OF HAWAIIAN HOME LANDS.

 

 

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

 


SECTION 1.  The legislature finds that the department of Hawaiian home lands has over twenty thousand applicants on the waiting list.  Moving toward eliminating this backlog requires investment in the expansion of infrastructure, such as roads and utility pipelines and wiring, along with the development of land lots and the construction of buildings.   

The purpose of this Act is to authorize the issuance of general obligation bonds and appropriation of funds for the development of infrastructure and housing by the department of Hawaiian home lands to help eliminate the backlog of waitlisted applicants.

     SECTION 2.  The director of finance is authorized to issue general obligation bonds in the sum of $50,000,000 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 2016-2017 for the purpose of development of infrastructure and housing by the department of Hawaiian home lands.

The sum appropriated shall be expended, and the bonds authorized shall be issued, by the department of Hawaiian home lands for the purposes of this Act.

     SECTION 3.  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, 2018, shall lapse as of that date.

     SECTION 4.  This Act shall take effect on July 1, 2016.

 

INTRODUCED BY:

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Report Title:

Department of Hawaiian Home Lands; General Obligation Bonds; Appropriation.

 

Description:

Allows for the issuance of general obligation bonds for the purposes of building infrastructure and constructing homes on Hawaiian home lands.

 

 

 

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