Bill Text: HI SB248 | 2010 | Regular Session | Introduced
Bill Title: Aloha Stadium; Rename; Electricity Generation
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [SB248 Detail]
Download: Hawaii-2010-SB248-Introduced.html
Report Title:
Aloha Stadium; Rename; Electricity Generation
Description:
Requires the stadium authority to auction the naming rights to the Aloha stadium with proceeds to be deposited into the stadium special fund to be used for electricity generation from renewable energy resources.
|
THE SENATE |
S.B. NO. |
248 |
|
TWENTY-FIFTH LEGISLATURE, 2009 |
|
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO aloha STADIUM.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 109, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§109‑ Naming rights to stadium. (a) Beginning July 1, 2009 and in ten-year intervals thereafter, the stadium authority shall auction the naming rights to what is commonly known as the Aloha stadium; provided that the auction shall be exempt from chapter 103D. The period of the contract to name the stadium shall be for ten years. The authority shall evaluate each bid and award the bid to the highest bidder that the authority determines to be most qualified to fulfill the financial obligations over a ten-year period. Proceeds from the auction shall be deposited into the stadium special fund under section 109‑3.
(b) The naming of the Aloha stadium pursuant to subsection (a) shall end with the name "Aloha Stadium", or a substantially similar phrase, preceded by the name of the sponsor."
SECTION 2. Section 109-3, Hawaii Revised Statutes, is amended to read as follows:
"§109-3 Stadium special fund.
There is created a special fund to be known as the stadium special fund into
which funds collected by the authority shall be deposited[;],
including proceeds from any auction under section 109‑ ; provided
that all funds received pursuant to this section shall be kept completely
separate from the Kapolei recreational sports complex special fund. Moneys may
not be transferred between the stadium special fund and the Kapolei
recreational sports complex special fund. The stadium special fund shall be
applied, used, and disposed of for the payment of[:] the following
for the stadium and related facilities:
(1) The expenses of [the] operation,
maintenance, promotion, and management [of; and];
(2) All or a portion of the cost of financing any
capital improvement project [for];
(3) Planning, design, installation, and operation of electricity generation from renewable energy resources; and
(4) Upgrades, improvements, and expansion;
[the stadium and related facilities;]
provided that all services required for the stadium and related facilities
shall be performed by persons hired on contract or otherwise, without regard
for chapter 76; provided further that the authority shall report to the
legislature all receipts and expenditures of the stadium special fund account
twenty days prior to the convening of each regular session."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2009.
|
INTRODUCED BY: |
_____________________________ |
|
|
|
