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HI SB718
Bill
Status
1/23/2015
Primary Sponsor
Rosalyn Baker
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AI Summary
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Authorizes the director of finance to issue $10,160,000 in general obligation bonds for the Lahaina flood control project in west Maui's soil and water conservation district.
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Appropriates $6,000,000 for Phase 3B and $4,160,000 for Phases 4 and 5 of the flood control project for fiscal year 2015-2016.
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Requires the state appropriation to serve as a match for county of Maui funds of at least $2,540,000 (20% of estimated project cost).
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Designates the county of Maui as owner and manager of the entire completed project.
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Unencumbered appropriation funds shall lapse on June 30, 2018, and the act takes effect July 1, 2050.
Legislative Description
General Obligation Bonds; CIP Projects; Lahaina Flood Control Project; Appropriation ($)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/19/2015