HI SB966

Hawaii Technology Development Corporation shall enter into negotiations to acquire Tax Map Key parcels (1) 9-5-046:041 and (1) 9-5-046:042 within or near Mililani Technology Park at or below appraised value.

Director of Finance is authorized to issue general obligation bonds for the purchase price (amount left blank in bill) for fiscal year 2019-2020.

Appropriated funds shall be used by Hawaii Technology Development Corporation to redevelop the parcels for community benefit and the benefit of Mililani Technology Park.

Appropriation shall not lapse at end of fiscal biennium; unencumbered moneys as of June 30, 2022 shall lapse as of that date.

Effective date is July 1, 2112.