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HI SB1033

Bill

Official Source

Status

Engrossed

3/5/2013

Primary Sponsor

Donna Kim

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Requires premiums received from the sale of general obligation bonds to be used for eligible capital expenditures under Hawaii Revised Statutes section 39-2
  • Allows premiums to finance construction or improvement of public facilities, elementary and secondary schools, community colleges, university facilities, and other Legislature-approved purposes
  • Changes current law which only allows bond premiums to be deposited into the general fund
  • Provides additional funding options and spending flexibility for capital improvement projects while reducing state debt obligations
  • Recommended for passage by the Senate Committee on Ways and Means with support from the Department of Budget and Finance

Legislative Description

Public Finance

Last Action

Referred to FIN, referral sheet 30

3/7/2013

Committee Referrals

Finance3/7/2013
Ways and Means1/24/2013

Full Bill Text

No bill text available