Bill Text: HI SB2113 | 2010 | Regular Session | Introduced
Bill Title: Rental Housing Trust Fund; General Obligation Bonds; Appropriation
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Introduced - Dead) 2010-02-05 - (S) Report adopted; Passed Second Reading and referred to WAM. [SB2113 Detail]
Download: Hawaii-2010-SB2113-Introduced.html
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THE SENATE |
S.B. NO. |
2113 |
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TWENTY-FIFTH LEGISLATURE, 2010 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
authorizing the issuance of general obligation bonds and making an appropriation for infusion into the rental housing trust fund.
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 $20,000,000 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 2010-2011 to be deposited into the rental housing trust fund established by section 201H-202, Hawaii Revised Statutes.
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, 2012, shall lapse as of that date.
SECTION 3. The sum appropriated shall be expended by the Hawaii housing finance and development corporation for the purposes of this Act.
SECTION 4. This Act shall take effect on July 1, 2010.
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INTRODUCED BY: |
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Report Title:
Rental Housing Trust Fund; General Obligation Bonds; Appropriation
Description:
Authorizes the issuance of general obligation bonds and makes an appropriation for infusion into the rental housing trust fund.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
