HB2129

Report Title:

Small Boat Harbors; Improvements; Financing

Description:

Raises the total aggregate value of capital advancement project contracts the board of land and natural resources may let per calendar year to improve small boat harbors from $5,000,000 to $25,000,000. Changes the maximum amount of a single capital advancement project contract that the board can execute without legislative approval from $2,000,000 to an unspecified amount.

HOUSE OF REPRESENTATIVES	H.B. NO.	2129
TWENTY-THIRD LEGISLATURE, 2006
STATE OF HAWAII

A BILL FOR AN ACT

 

relating to small boat harbors.

 

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

SECTION 1. Section 200-19, Hawaii Revised Statutes, is amended by amending subsection (d) to read as follows:

"(d) The board may execute capital advancement contracts pursuant to subsection (a) with a total contract value of [$2,000,000] or less without legislative approval. If the total value of a capital advancement contract pursuant to subsection (a) is greater than [$2,000,000] , then the board shall obtain legislative approval in the form of the adoption of a concurrent resolution affirming the purpose, project, and contract issuance prior to executing the capital advancement contract. The total aggregate value of all capital advancement contracts entered into by the board pursuant to this section shall not exceed [$5,000,000] $25,000,000 in any calendar year."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________