Bill Text: HI SB2673 | 2012 | Regular Session | Introduced

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Bill Title: Appropriation; University of Hawaii; Urban Agricultural Research Center; General Obligation Bonds

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-25 - (S) Referred to EDU, WAM. [SB2673 Detail]

Download: Hawaii-2012-SB2673-Introduced.html

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THE SENATE	S.B. NO.	2673
TWENTY-SIXTH LEGISLATURE, 2012
STATE OF HAWAII

A BILL FOR AN ACT

 

 

Authorizing the issuance of general obligation bonds and making an appropriation for an urban agricultural research center.

 

 

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 $2,000,000 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 2012-2013 for the purpose of planning and designing an urban agricultural research center to be located at the Magoon property at the University of Hawaii at Manoa and to be allocated as follows:

     Plans and design for an urban

     agricultural research center:

     Plans                   $  500,000

     Design                   1,500,000

          Total funding                     $2,000,000

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

     SECTION 2.  The appropriation made for the urban agricultural research center 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; Urban Agricultural Research Center; General Obligation Bonds

 

Description:

Authorizes the issuance of GO bonds and appropriates the revenues to the UH for plans and design for an urban agricultural research center to be located at the Magoon property.

 

 

 

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