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HI SB2988

Bill

Official Source

Status

Engrossed

2/16/2012

Primary Sponsor

Maile Shimabukuro

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Authorizes the Director of Finance to restructure debt service for state obligations
  • Requires that any debt restructuring must consider the long-term financial obligations of the State
  • Prohibits restructuring undertaken solely to provide short-term savings
  • Provides the Director of Finance with flexibility to address both long-term and short-term state obligations
  • Received support from the Department of Budget and Finance

Legislative Description

State Funds; Debt Service; Restructuring

Last Action

(H) Referred to FIN, referral sheet 34

2/21/2012

Committee Referrals

Ways and Means1/27/2012

Full Bill Text

No bill text available