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HI SB1487
Bill
Status
3/4/2025
Primary Sponsor
Ronald Kouchi
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AI Summary
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Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds with approval of the governor to finance construction, maintenance, and modernization of university facilities and projects.
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Revenue bond proceeds may be used for faculty and student housing, classrooms, laboratories, research facilities, utility infrastructure, libraries, athletic facilities, and other capital projects.
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Total principal amount of authorized revenue bonds is not specified in the document (blank amount appears in the text).
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Appropriates unspecified amount from revenue bond proceeds for fiscal year 2025-2026, with any unexpended balance not lapsing until June 30, 2030.
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University of Hawaii must notify the legislature upon issuance of revenue bonds with a detailed list and description of all projects to be funded.
Legislative Description
Relating To The University Of Hawaii Revenue Bonds.
Appropriations ($)
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) Garcia, Muraoka, Pierick voting no (3) and Representative(s) Cochran, Lowen, Reyes Oda, Ward excused (4).
3/17/2025