Bill Text: HI HB1186 | 2015 | Regular Session | Amended
Bill Title: Public Finance; General Obligation Bonds
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Enrolled - Dead) 2015-04-20 - Received notice of appointment of House conferees (Hse. Com. No. 617). [HB1186 Detail]
Download: Hawaii-2015-HB1186-Amended.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1186 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
H.D. 2 |
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STATE OF HAWAII |
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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]. 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 Statutory material to be repealed is bracketed and stricken.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 on July 1, 2030.
Report Title:
Public Finance; General Obligation Bonds
Description:
Authorizes the allocation of premiums from general obligation bonds for capital expenditures approved by the Legislature. (HB1186 HD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
