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HI SB77
Bill
Status
3/7/2019
Primary Sponsor
Kalani English
Click for details
AI Summary
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Authorizes the Department of Budget and Finance to enter into a financing agreement not to exceed $125,000,000 to fund the local match for the Ala Wai Flood Risk Management Project, as required by the United States Army Corps of Engineers.
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Appropriates funds from general revenues for fiscal years 2019-2020 and 2020-2021 for the Ala Wai flood risk management project, with the specific dollar amount left blank in the bill text.
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Establishes that the total project cost is $345,000,000, with Congress appropriating the full amount but requiring a 35 percent local match from a local entity.
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Finds that a major flood in Honolulu could damage 3,000 structures, require over $1,000,000,000 in repairs, and severely impact Hawaii's economy, including the $3.6 billion Waikiki tourism industry.
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Takes effect on July 1, 2050.
Legislative Description
Relating To Capital Improvement Projects.
Appropriation ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; Representative(s) D. Kobayashi voting no (1) and Representative(s) Belatti, Cabanilla Arakawa, Holt, Tokioka, Yamane excused (5).
3/21/2019