HI HB2619

Increases the University of Hawaii's authorization to issue revenue bonds from $200,000,000 to $300,000,000 for financing construction and maintenance of capital improvement projects.

Appropriates an additional $100,000,000 in revenue bond proceeds for fiscal year 2012-2013, with any unexpended balance not lapsing until June 30, 2019.

Requires the University of Hawaii to notify the legislature when the additional revenue bonds are issued, including a detailed listing and description of all funded projects.

Revenue bonds are secured solely by university revenue as defined in Hawaii Revised Statutes section 304A-2671 and issued pursuant to part VI of chapter 304A, HRS.

Act takes effect upon approval.