HI HB328

Director of Finance authorized to issue general obligation bonds in an unspecified amount to retire revenue bond debt incurred by University of Hawaii for the Manoa campus center renovation and addition project from Act 213 (2007), as amended by Act 158 (2008)

Appropriation made for fiscal year 2013-2014 shall not lapse at end of biennium, except unencumbered moneys remaining as of June 30, 2016 shall lapse on that date

Director of Finance must transfer general obligation bond proceeds to University of Hawaii within thirty days of receipt for exclusive use in retiring the revenue bond debt

Act takes effect on July 1, 2013