HI SB1200

Authorizes the director of finance to issue general obligation bonds in the sum of $5,000,000 to conduct a feasibility study for a small boat harbor in South Puna, Island of Hawaii.

Appropriates $5,000,000 for fiscal year 2015-2016 to the department of land and natural resources for the feasibility study.

Funds will not lapse at the end of the fiscal biennium, except that any unencumbered moneys as of June 30, 2018 shall lapse on that date.

Cites Puna's geographic isolation, unpredictable lava flows, limited current boat facilities (only Pohoiki ramp), and rapid population growth (45,326 in 2010, expected to reach 75,000 by 2030) as justification for the harbor.

Takes effect on July 1, 2015.