Loading chat...

HI HB1186

Bill

Official Source

Status

Enrolled

4/9/2015

Primary Sponsor

Sylvia Luke

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Amends Hawaii Revised Statutes Section 39-6 to allow premiums from general obligation bond sales to be used for capital expenditures approved by the Legislature, rather than automatically going to the general fund.

  • Changes the mandatory language ("shall") to permissive language ("may") regarding how bond premiums are allocated.

  • Premiums can now be applied to purposes specified in Section 39-2 or directed to the general fund at the Legislature's discretion.

  • Effective date: July 1, 2015.

Legislative Description

Public Finance; General Obligation Bonds

Last Action

Received notice of appointment of House conferees (Hse. Com. No. 617).

4/20/2015

Committee Referrals

Ways and Means3/12/2015
Finance2/18/2015
Labor & Public Employment2/2/2015

Full Bill Text

No bill text available