Hawaii 2025 Regular Session

Hawaii House Bill HB1168 Compare Versions

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1-HOUSE OF REPRESENTATIVES H.B. NO. 1168 THIRTY-THIRD LEGISLATURE, 2025 H.D. 1 STATE OF HAWAII S.D. 1 A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
1+HOUSE OF REPRESENTATIVES H.B. NO. 1168 THIRTY-THIRD LEGISLATURE, 2025 H.D. 1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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33 HOUSE OF REPRESENTATIVES H.B. NO. 1168
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3737 RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS.
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4343 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
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47- SECTION 1. The legislature finds that it is necessary to allow the university of Hawaii to issue revenue bonds to help address the university's capital facility needs. The construction of new projects and the renovation, modernization, and major repair of existing facilities have included, and will continue to include, faculty and student housing, additional classrooms, laboratories, offices, research facilities, utility facilities, libraries, student support facilities, athletic facilities, and other infrastructure requirements. The purpose of this Act is to authorize the board of regents of the university of Hawaii to issue revenue bonds to complete its priority capital facility construction, renovation, modernization, and repair projects. SECTION 2. The board of regents of the university of Hawaii, with the approval of the governor, is authorized to issue revenue bonds from time to time to finance, in whole or in part, the costs of construction or the costs of maintenance and modernization, or both, of any university project, any university system, or any network or combination thereof, including reserves therefor as the board of regents may direct. The total principal amount of the revenue bonds authorized by this Act shall not exceed $ ; provided that neither revenue bonds issued to refund revenue bonds heretofore issued, to the extent that the refunding revenue bonds do not exceed the principal amount of the revenue bonds being refunded, nor revenue bonds of the board outstanding at the effective date of this Act shall cause the amount of the above authorization to be decreased. The revenue bonds shall be issued pursuant to part VI of chapter 304A, Hawaii Revised Statutes. The principal and interest on the revenue bonds, to the extent not paid from the proceeds of the bonds, shall be paid solely from and secured solely by the revenue of the university as defined in section 304A-2671, Hawaii Revised Statutes. SECTION 3. There is appropriated out of the revenue bond proceeds and interest earned thereon authorized by this Act the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 to carry out the purposes of section 2 of this Act; provided that students with a demonstrated financial need who qualify for the resident tuition fee pursuant to section 304A-402, Hawaii Revised Statutes, are assisted with a housing allowance, stipend, or similar grant-in-aid to help offset a portion of an increase in room and board costs that promote long-term affordability; and provided further that any unexpended and unencumbered balance of the appropriation shall not lapse at the end of fiscal year 2025-2026 and shall lapse instead on June 30, 2030. The sum appropriated shall be expended by the board of regents of the university of Hawaii. SECTION 4. The university of Hawaii shall notify the legislature upon the issuance of the revenue bonds authorized by section 2 of this Act, including a detailed list and description of all projects to be funded through the revenue bonds authorized by this Act. SECTION 5. This Act shall take effect on July 1, 3000.
47+ SECTION 1. The legislature finds that it is necessary to allow the university of Hawaii to issue revenue bonds to help address the university's capital facility needs. The construction of new projects and the renovation, modernization, and major repair of existing facilities have included, and will continue to include, faculty and student housing, additional classrooms, laboratories, offices, research facilities, utility facilities, libraries, student support facilities, athletic facilities, and other infrastructure requirements. The purpose of this Act is to authorize the board of regents of the university of Hawaii to issue revenue bonds to complete its priority capital facility construction, renovation, modernization, and repair projects. SECTION 2. The board of regents of the university of Hawaii, with the approval of the governor, is authorized to issue revenue bonds from time to time to finance, in whole or in part, the costs of construction or the costs of maintenance and modernization, or both, of any university project, any university system, or any network or combination thereof, including reserves therefor as the board of regents may direct. The total principal amount of the revenue bonds authorized by this Act shall not exceed $ ; provided that neither revenue bonds issued to refund revenue bonds heretofore issued, to the extent that the refunding revenue bonds do not exceed the principal amount of the revenue bonds being refunded, nor revenue bonds of the board outstanding at the effective date of this Act shall cause the amount of the above authorization to be decreased. The revenue bonds shall be issued pursuant to part VI of chapter 304A, Hawaii Revised Statutes. The principal and interest on the revenue bonds, to the extent not paid from the proceeds of the bonds, shall be paid solely from and secured solely by the revenue of the university as defined in section 304A-2671, Hawaii Revised Statutes. SECTION 3. There is appropriated out of the revenue bond proceeds and interest earned thereon authorized by this Act the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 to carry out the purposes of section 2 of this Act; provided that any unexpended and unencumbered balance of the appropriation shall not lapse at the end of fiscal year 2025-2026 and shall lapse instead on June 30, 2030. The sum appropriated shall be expended by the board of regents of the university of Hawaii. SECTION 4. The university of Hawaii shall notify the legislature upon the issuance of the revenue bonds authorized by section 2 of this Act, including a detailed list and description of all projects to be funded through the revenue bonds authorized by this Act. SECTION 5. This Act shall take effect on July 1, 3000.
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4949 SECTION 1. The legislature finds that it is necessary to allow the university of Hawaii to issue revenue bonds to help address the university's capital facility needs. The construction of new projects and the renovation, modernization, and major repair of existing facilities have included, and will continue to include, faculty and student housing, additional classrooms, laboratories, offices, research facilities, utility facilities, libraries, student support facilities, athletic facilities, and other infrastructure requirements.
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5151 The purpose of this Act is to authorize the board of regents of the university of Hawaii to issue revenue bonds to complete its priority capital facility construction, renovation, modernization, and repair projects.
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5353 SECTION 2. The board of regents of the university of Hawaii, with the approval of the governor, is authorized to issue revenue bonds from time to time to finance, in whole or in part, the costs of construction or the costs of maintenance and modernization, or both, of any university project, any university system, or any network or combination thereof, including reserves therefor as the board of regents may direct. The total principal amount of the revenue bonds authorized by this Act shall not exceed $ ; provided that neither revenue bonds issued to refund revenue bonds heretofore issued, to the extent that the refunding revenue bonds do not exceed the principal amount of the revenue bonds being refunded, nor revenue bonds of the board outstanding at the effective date of this Act shall cause the amount of the above authorization to be decreased. The revenue bonds shall be issued pursuant to part VI of chapter 304A, Hawaii Revised Statutes. The principal and interest on the revenue bonds, to the extent not paid from the proceeds of the bonds, shall be paid solely from and secured solely by the revenue of the university as defined in section 304A-2671, Hawaii Revised Statutes.
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55- SECTION 3. There is appropriated out of the revenue bond proceeds and interest earned thereon authorized by this Act the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 to carry out the purposes of section 2 of this Act; provided that students with a demonstrated financial need who qualify for the resident tuition fee pursuant to section 304A-402, Hawaii Revised Statutes, are assisted with a housing allowance, stipend, or similar grant-in-aid to help offset a portion of an increase in room and board costs that promote long-term affordability; and provided further that any unexpended and unencumbered balance of the appropriation shall not lapse at the end of fiscal year 2025-2026 and shall lapse instead on June 30, 2030.
55+ SECTION 3. There is appropriated out of the revenue bond proceeds and interest earned thereon authorized by this Act the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 to carry out the purposes of section 2 of this Act; provided that any unexpended and unencumbered balance of the appropriation shall not lapse at the end of fiscal year 2025-2026 and shall lapse instead on June 30, 2030.
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5757 The sum appropriated shall be expended by the board of regents of the university of Hawaii.
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5959 SECTION 4. The university of Hawaii shall notify the legislature upon the issuance of the revenue bonds authorized by section 2 of this Act, including a detailed list and description of all projects to be funded through the revenue bonds authorized by this Act.
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6161 SECTION 5. This Act shall take effect on July 1, 3000.
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63- Report Title: UH; Board of Regents; Authorization of Revenue Bonds; Capital Improvement Projects Description: Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the purpose of financing qualifying priority capital improvement projects. Conditions revenue bond proceeds appropriation on room and board assistance to students with financial need. Effective 7/1/3000. (SD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
63+ Report Title: UH; Board of Regents; Authorization of Revenue Bonds; Capital Improvement Projects Description: Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the purpose of financing qualifying priority capital improvement projects. Effective 7/1/3000. (HD1) The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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7171 UH; Board of Regents; Authorization of Revenue Bonds; Capital Improvement Projects
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77-Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the purpose of financing qualifying priority capital improvement projects. Conditions revenue bond proceeds appropriation on room and board assistance to students with financial need. Effective 7/1/3000. (SD1)
77+Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the purpose of financing qualifying priority capital improvement projects. Effective 7/1/3000. (HD1)
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8585 The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.