Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Saint Joseph School.
Impact
The bill allows the Department of Budget and Finance, with the governor's approval, to issue bonds not to exceed a certain amount, although the specific value is not detailed in the text. This initiative is framed as being in the public interest, contributing to health, safety, and general welfare in the educational sector. It highlights a commitment from the state to financially support private educational institutions that serve the public good.
Summary
House Bill 1998 is designed to authorize the issuance of special purpose revenue bonds aimed at assisting Saint Joseph School, a nonprofit institution in Hawaii. The bill recognizes the importance of supporting educational facilities and outlines that the bonds can be used for various purposes, including planning, designing, constructing, renovating, and equipping the school. The intent is to enhance the facilities available to the students and improve the overall educational environment at Saint Joseph School.
Contention
While the bill primarily focuses on enhancing educational facilities, it raises questions about the use of public funding to support private educational institutions. Critics may argue that taxpayer funds should be reserved for public schools, while supporters of the bill would contend that it fosters educational diversity and choice. The specific financial arrangements and oversight required by the Department of Budget and Finance could also become a point of discussion among stakeholders concerning accountability and resource allocation.
Provides CBT and gross income tax credits for certain deliveries of low carbon concrete and for costs of conducting environmental product declaration analyses of low carbon concrete.