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HI SB809
Bill
AI Summary
- Increases the University of Hawaii's authorization to issue revenue bonds from $200,000,000 to $300,000,000 to finance construction, renovation, and repair of capital facility projects
- Appropriates $100,000,000 in revenue bond proceeds for fiscal year 2011-2012, with any unexpended balance not lapsing until June 30, 2017
- University of Hawaii must notify the legislature upon issuance of the additional revenue bonds, including a detailed listing and description of all funded projects
- Revenue bonds are to be repaid solely from university revenues as defined in Hawaii Revised Statutes section 304A-2671
- Effective date: July 1, 2030
Legislative Description
University of Hawaii; Authorization of Revenue Bonds; Appropriation
Last Action
(S) Conference committee meeting to reconvene on 04-29-11 2:00PM in conference room 329.
4/28/2011
Committee Referrals
Ways and Means2/9/2011
Education1/24/2011
Full Bill Text
No bill text available