Bill Text: HI SB2672 | 2012 | Regular Session | Introduced

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Bill Title: Appropriation; University of Hawaii; Campus Center Complex; General Obligation Bonds

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2012-01-25 - (S) Referred to EDU, WAM. [SB2672 Detail]

Download: Hawaii-2012-SB2672-Introduced.html

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THE SENATE	S.B. NO.	2672
TWENTY-SIXTH LEGISLATURE, 2012
STATE OF HAWAII

A BILL FOR AN ACT

 

 

Authorizing the issuance of general obligation bonds and making an appropriation for the University of Hawaii Manoa campus center complex.

 

 

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 $9,400,000 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 2012-2013 for the purpose of renovating and expanding the University of Hawaii Manoa campus center complex, which encompasses the campus center, student recreation center, and Hemenway Hall, and to be allocated as follows:

     Plans and design for the University of Hawaii,

     Manoa campus center complex:

          Plans                   $  250,000

          Design                     350,000

          Construction            $8,800,000

               Total funding                     $9,400,000

     The sum appropriated shall be expended by the University of Hawaii for the purposes of this Act.

     SECTION 2.  The appropriation made for the renovation and expansion of the University of Hawaii campus center complex 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, 2014, shall lapse as of that date.

     SECTION 3.  This Act shall take effect on July 1, 2012.

 

INTRODUCED BY:	_____________________________

 

 

Report Title:

Appropriation; University of Hawaii; Campus Center Complex; General Obligation Bonds

 

Description:

Authorizes the issuance of GO bonds and appropriates the revenues to the UH for the renovation and expansion of the UH campus center complex.

 

 

 

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