HI SB966

Hawaii Technology Development Corporation shall negotiate to acquire two parcels (Tax Map Keys (1) 9-5-046:041 and (1) 9-5-046:042) located within or near Mililani Technology Park, with purchase price not exceeding the appraised value.

Director of Finance is authorized to issue general obligation bonds for the purchase of the identified parcels to facilitate redevelopment for community benefit and the benefit of Mililani Technology Park.

Appropriation for fiscal year 2019-2020 does not lapse at the end of the biennium; however, any unencumbered funds shall lapse as of June 30, 2022.

Act takes effect on July 1, 2112.