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HI HB2734
Bill
Status
1/25/2012
Primary Sponsor
Mark Takai
Click for details
AI Summary
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Requires the stadium authority to distribute 25% of all revenue generated by the University of Hawaii at Aloha Stadium to the University of Hawaii.
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Stadium authority and University of Hawaii must jointly determine what constitutes revenue generated by the University of Hawaii for purposes of this distribution requirement.
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Amends the stadium special fund to allow distributions to the University of Hawaii to be paid from the fund for revenues the university generates at the stadium.
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Ensures funds in the stadium special fund remain completely separate from the Kapolei recreational sports complex special fund with no transfers allowed between them.
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Takes effect upon approval.
Legislative Description
Aloha Stadium; Stadium Authority; University of Hawaii
Last Action
(H) The committee(s) on WLO recommend(s) that the measure be deferred.
2/3/2012