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HI SB1206

Bill

Official Source

Status

Engrossed

3/5/2019

Primary Sponsor

Ronald Kouchi

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • 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, in addition to depositing them to the general fund.

  • Changes the requirement that bond premiums "shall" be deposited to the general fund to allow premiums to "may be used" for capital expenditures or deposited to the general fund at the state's discretion.

  • Effective date is July 1, 2050.

Legislative Description

Relating To General Obligation Bond Premiums.

General Obligation Bond Premiums

Last Action

Referred to FIN, referral sheet 27

3/7/2019

Committee Referrals

Finance3/7/2019
Ways and Means1/28/2019

Full Bill Text

No bill text available