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HI HB485

Bill

Official Source

Status

Introduced

1/22/2013

Primary Sponsor

Jessica Wooley

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Authorizes the director of finance to issue general obligation bonds in the amount of $8,000,000 for capital improvements to the former Galbraith Estate property owned by the State.

  • Appropriates funds for fiscal years 2013-2014 and 2014-2015 to construct necessary infrastructure including electrical systems, irrigation, roads, and other capital improvements.

  • Designates the agribusiness development corporation as the entity responsible for expending the appropriated funds.

  • Provides that appropriations shall not lapse at the end of the fiscal biennium, except that any unencumbered funds remaining as of June 30, 2016, shall lapse on that date.

  • Takes effect on July 1, 2050.

Legislative Description

General Obligation Bonds; Agriculture; Galbraith Estate ($)

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Carroll, Coffman, Hanohano, Har, Kawakami, Ward excused (6).

2/15/2013

Committee Referrals

Finance2/15/2013
Agriculture1/22/2013

Full Bill Text

No bill text available