HI SB4

Authorizes the Department of Budget and Finance to issue up to $25,000,000 in special purpose revenue bonds to assist Chaminade University of Honolulu.

Bond proceeds may be used to refinance, construct, and renovate athletic facilities; renovate classrooms and faculty/administrative offices; conduct structural maintenance on campus buildings and residence halls; improve infrastructure and landscaping.

Bonds shall be issued pursuant to Part VIII, Chapter 39A, Hawaii Revised Statutes, which governs special purpose revenue bonds for not-for-profit educational institutions serving the general public.

Department of Budget and Finance may issue bonds in one or more series and may combine multiple proposed bond issues into a single issuance under this Act or combined with other separate legislative authorizations.

Authorization to issue bonds expires on June 30, 2020; Act takes effect on July 1, 2015.