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HI HB1186

Bill

Official Source

Status

Enrolled

4/9/2015

Primary Sponsor

Sylvia Luke

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends Hawaii Revised Statutes Section 39-6 to authorize premiums received from general obligation bond sales to be used for capital expenditures approved under Section 39-2, rather than automatically going to the general fund.

  • Changes language from "shall" to "may be used," giving the state discretion in allocating bond sale premiums for approved capital purposes.

  • Repeals the mandatory requirement that all bond premiums be deposited as a realization of the general fund.

  • Effective July 1, 2015.

Legislative Description

Public Finance; General Obligation Bonds

Last Action

Received notice of discharge of conferees (Hse. Com. No. 610).

4/15/2016

Committee Referrals

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

Full Bill Text

No bill text available