REPORT TITLE:
UH West Oahu


DESCRIPTION:
Provides incentives for the expedited construction of the
University of Hawaii West Oahu campus.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
HOUSE OF REPRESENTATIVES                H.B. NO.1570       
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO THE UNIVERSITY OF HAWAII AT WEST OAHU.



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

 1      SECTION 1.  Section 304-1.5, Hawaii Revised Statutes, is
 
 2 amended by amending subsection (c) to read as follows:
 
 3      "(c)  The fund shall be managed by the University of Hawaii,
 
 4 which shall also make expenditures from the fund[.]; provided
 
 5 that if construction has commenced prior to July 1, 2003,
 
 6 subsequent expenditures from the fund shall be matched dollar for
 
 7 dollar through general obligation bonds issued by the State, and
 
 8 provided further that if twenty-five per cent of construction is
 
 9 substantially complete by July 1, 2007, subsequent expenditures
 
10 from the fund shall be matched $2 of state funds for every $1
 
11 from the fund through general obligation bonds issued by the
 
12 State."
 
13      SECTION 2.  Statutory material to be repealed is bracketed.
 
14 New statutory material is underscored.
 
15      SECTION 3.  This Act shall take effect on July 1, 1999.
 
16 
 
17                           INTRODUCED BY:  _______________________