HI SB937

Amends Hawaii Revised Statutes section 39-6 to allow premiums from general obligation bond sales to be used for eligible capital expenditures under section 39-2, rather than being mandatory deposits to the general fund.

Changes the statute from requiring premiums be deposited to the general fund to permitting them to be used for capital purposes or deposited to the general fund at the state's discretion.

Effective upon approval.