Report Title:

Department of Transportation; Appropriation

 

Description:

Appropriates funds to the Department of Transportation for debt service. (SD1)

 

HOUSE OF REPRESENTATIVES

H.B. NO.

1273

TWENTY-FIRST LEGISLATURE, 2001

H.D. 2

STATE OF HAWAII

S.D. 1


 

A BILL FOR AN ACT

 

relating to transportation.

 

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

SECTION 1. There is appropriated out of the airport revenue fund for airports administration (TRN 195) the sum of $185,000,000, or so much thereof as may be necessary for fiscal year 2000-2001, to be used for the defeasance of certain outstanding airports system revenue bonds.

SECTION 2. The sum appropriated shall be expended by the department of transportation for the purpose of this Act. Funds not used for this purpose shall be lapsed into the airport revenue fund.

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