Bill Text: HI SB1206 | 2020 | Regular Session | Introduced
Bill Title: Relating To General Obligation Bond Premiums.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2019-12-01 - Carried over to 2020 Regular Session. [SB1206 Detail]
Download: Hawaii-2020-SB1206-Introduced.html
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THE SENATE |
S.B. NO. |
1206 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO GENERAL OBLIGATION BOND PREMIUMS.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION
1. The purpose of this Act is to amend
section 39-6, Hawaii Revised Statutes, to allow premiums received on the sale
of general obligation bonds to be used for eligible capital expenditures
pursuant to section 39-2, Hawaii Revised Statutes, in addition to allowing the
premiums to be deposited to the general fund.
SECTION
2. 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 may be a realization of the general fund of the
State."
SECTION
3. Statutory material to be repealed is
bracketed and stricken. New statutory
material is underscored.
SECTION
4. This Act shall take effect upon its
approval.
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INTRODUCED BY: |
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BY REQUEST |
Report Title:
General Obligation Bond Premiums
Description:
Amends section 39-6, Hawaii Revised Statutes, to allow premiums received from the sale of general obligation bonds to be used for eligible capital expenditures pursuant to section 39-2, Hawaii Revised Statutes.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
