Bill Text: HI SB2544 | 2010 | Regular Session | Amended
Bill Title: SPRB; Honolulu Seawater Air Conditioning LLC
Spectrum: Strong Partisan Bill (Democrat 10-1)
Status: (Passed) 2010-05-05 - (S) Act 80, 5/5/2010 (Gov. Msg. No. 538). [SB2544 Detail]
Download: Hawaii-2010-SB2544-Amended.html
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THE SENATE |
S.B. NO. |
2544 |
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TWENTY-FIFTH LEGISLATURE, 2010 |
S.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST HONOLULU SEAWATER AIR CONDITIONING LLC PROJECTS ON THE ISLAND OF OAHU.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Act 79, Session Laws of Hawaii 2005, is amended by amending section 4 to read as follows:
"SECTION 4. The department of budget and
finance is authorized, from time to time, including times subsequent to [June
30, 2010,] June 28, 2015, to issue special purpose revenue bonds in
whatever principal amounts the department shall determine to be necessary to
refund the special purpose revenue bonds authorized in section 2 and to refund
special purpose revenue bonds authorized in this section, regardless of whether
the outstanding special purpose revenue bonds or refunding special purpose
revenue bonds have matured or are the subject of redemption or whether the
refunding special purpose revenue bonds shall be bonds for the multi-project
programs described in section 2.
In making this determination, the department shall comply with federal law relating to the exemption from federal income taxation of the interest on bonds of the nature authorized by this section."
SECTION 2. Act 79, Session Laws of Hawaii 2005, is amended by amending section 5 to read as follows:
"SECTION 5. The authorization to issue
special purpose revenue bonds under this Act shall lapse on [June 30, 2010.]
June 28, 2015."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on June 29, 2099.
Report Title:
SPRB; Honolulu Seawater Air Conditioning LLC
Description:
Extends the authorization to issue special purpose revenue bonds for Honolulu Seawater Air Conditioning LLC. Effective 6/29/2099. (SD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
