Report Title:

General Obligation Bonds; Molokai High School

Description:

Appropriates $1,645,000 in general obligation bonds to the department of education for a new science building at Molokai high school.

THE SENATE	S.B. NO.	1027
TWENTY-FOURTH LEGISLATURE, 2007
STATE OF HAWAII

A BILL FOR AN ACT

AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS AND MAKING AN APPROPRIATION FOR A NEW SCIENCE BUILDING FOR MOLOKAI HIGH SCHOOL.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  The director of finance is authorized to issue general obligation bonds in the sum of $1,645,000, or so much thereof as may be necessary, and the same sum, or so much thereof as may be necessary, is appropriated for fiscal year 2007-2008, for design and construction of a new science building and for science equipment for Molokai high school.

     SECTION 2.  The following sums, or so much thereof as shall be sufficient to finance the projects listed in this Act, are hereby appropriated out of the general revenues of the State of Hawaii for fiscal year 2007-2008:

     NEW SCIENCE BUILDING FOR MOLOKAI HIGH SCHOOL

          Design                                    $  120,000

          Construction                               1,500,000

          Science Equipment                             25,000

               TOTAL                               $1,645,000

     SECTION 3.  The appropriations made for the capital improvement project authorized by this Act shall not lapse at the end of the fiscal year for which the appropriations are made; provided that all money from the appropriations unencumbered as of June 30, 2010, shall lapse of that date.

     SECTION 4.  The sum appropriated shall be expended by the department of education for the purposes of this Act.

     SECTION 5.  This Act shall take effect on July 1, 2007.

INTRODUCED BY:

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