HI HB2413

Authorizes the University of Hawaii Board of Regents to issue up to $100,000,000 in revenue bonds, with gubernatorial approval, to finance construction, renovation, and major repairs of university facilities.

Eligible projects include faculty and student housing, classrooms, laboratories, research facilities, libraries, utility infrastructure, student support facilities, and athletic facilities.

Revenue bonds shall be issued under chapter 304A, Hawaii Revised Statutes, with principal and interest payments secured solely by university revenues as defined in section 304A-2671.

Appropriates $100,000,000 from revenue bond proceeds for fiscal year 2016-2017, with any unexpended balance not lapsing until June 30, 2022.

University of Hawaii must notify the legislature upon issuing the bonds, including a detailed listing and description of all funded projects.