Report Title:

Special Purpose Revenue Bonds

 

Description:

Repeals fifteen acts that authorize the issuance of special purpose revenue bonds, and as of June 30, 2001, do not provide for lapsing dates and for which there has been no action by the affected parties under the acts. (HB573 HD1)

 

HOUSE OF REPRESENTATIVES

H.B. NO.

573

TWENTY-FIRST LEGISLATURE, 2001

H.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO THE REPEAL OF OUTSTANDING AUTHORIZED BUT UNISSUED SPECIAL PURPOSE REVENUE BONDS.

 

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

SECTION 1. The legislature finds that there are currently fifteen Acts, representing $161,730,000 in authorized but unissued special purpose revenue bonds, which do not provide for a lapsing date and for which there has been no action taken in at least eight years.

The purpose of this Act is to repeal Act 109, Session Laws of Hawaii 1983; Act 300, Session Laws of Hawaii 1983, as amended; Act 145, Session Laws of Hawaii 1984, as amended by Act 3, Session Laws of Hawaii 1987; Act 96, Session Laws of Hawaii 1985; Act 147, Session Laws of Hawaii 1986; Act 190, Session Laws of Hawaii 1986; Act 227, Session Laws of Hawaii 1986; Act 263, Session Laws of Hawaii 1987; Act 304, Session Laws of Hawaii 1987; Act 142, Session Laws of Hawaii 1988, as amended; Act 224, Session Laws of Hawaii 1988; Act 273, Session Laws of Hawaii 1988; Act 297, Session Laws of Hawaii 1988; Act 299, Session Laws of Hawaii 1988; and Act 239, Session Laws of Hawaii 1991.

SECTION 2. Act 109, Session Laws of Hawaii 1983, is repealed.

SECTION 3. Act 300, Session Laws of Hawaii 1983, as amended, is repealed.

SECTION 4. Act 145, Session Laws of Hawaii 1984, as amended by Act 3, Session Laws of Hawaii 1987, is repealed.

SECTION 5. Act 96, Session Laws of Hawaii 1985, is repealed.

SECTION 6. Act 147, Session Laws of Hawaii 1986, is repealed.

SECTION 7. Act 190, Session Laws of Hawaii 1986, is repealed.

SECTION 8. Act 227, Session Laws of Hawaii 1986, is repealed.

SECTION 9. Act 263, Session Laws of Hawaii 1987, is repealed.

SECTION 10. Act 304, Session Laws of Hawaii 1987, is repealed.

SECTION 11. Act 142, Session Laws of Hawaii 1988, as amended, is repealed.

SECTION 12. Act 224, Session Laws of Hawaii 1988, is repealed.

SECTION 13. Act 273, Session Laws of Hawaii 1988, is repealed.

SECTION 14. Act 297, Session Laws of Hawaii 1988, is repealed.

SECTION 15. Act 299, Session Laws of Hawaii 1988, is repealed.

SECTION 16. Act 239, Session Laws of Hawaii 1991, is repealed.

SECTION 17. This Act shall take effect upon its approval.