HI SB892

Appropriates $500,000 for fiscal year 2015-2016 to the Hawaii broadband initiative exploring public-private partnerships for research and development, to be expended by the department of business, economic development, and tourism.

Appropriates $250,000 for fiscal year 2015-2016 to the State of Hawaii's resilience and sustainability initiative management team to conduct collaborative research on energy efficiency and grid operations.

Appropriates $250,000 for fiscal year 2015-2016 to the resilience and sustainability initiative management team to expedite county water improvement projects and target water and sewer distribution systems on each island.

Authorizes the director of finance to issue $25,000,000 in reimbursable general obligation bonds for the Hawaii resilience and sustainability strategy, with funds to be expended by the department of business, economic development, and tourism.

Specifies that appropriations shall not lapse at the end of the fiscal biennium, provided that all unencumbered moneys as of June 30, 2018, shall lapse as of that date; effective July 1, 2015.