THE SENATE

S.B. NO.

1324

THIRTIETH LEGISLATURE, 2019

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to the agribusiness development corporation.

 

 

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 sum of $900,000 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 2019-2020 for the purpose of capital improvement projects at the Christian Crossing Bridge for plans, design, construction, and equipment for improvements as follows:

          Plans                             $1,000

          Design                            $1,000

          Construction                    $897,000

          Equipment                         $1,000

          Total funding                            $900,000

     The sum appropriated shall be expended by the agribusiness development corporation for the purposes of this Act.

     SECTION 2.  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, 2022, shall lapse as of that date.

     SECTION 3.  This Act shall take effect on July 1, 2019.

 

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

General Obligation Bonds; Christian Crossing Bridge; Agribusiness Development Corporation; CIP; Appropriation

 

Description:

Authorizes the issuance of general obligation bonds and appropriates funds for capital improvement projects for the Christian Crossing Bridge.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.