HOUSE OF REPRESENTATIVES	H.B. NO.	1719
THIRTY-FIRST LEGISLATURE, 2022
STATE OF HAWAII

A BILL FOR AN ACT

relating to the ala wai boat harbor.

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

SECTION 1. The legislature finds that the Ala Wai boat harbor is an important location for the State, serving as the largest small boat and yacht harbor in Hawaii. The Ala Wai boat harbor has endured the impacts of numerous vessels that have berthed in its docks and of many residents and visitors who have walked the harbor's paths to view boats sail in the surrounding waters, and the harbor is now in need of extensive repairs.

The legislature further finds that many efforts were made to repair and redevelop the Ala Wai boat harbor. In 2019, the department of land and natural resources' division of boating and ocean recreation placed a request for proposals to redevelop the Ala Wai boat harbor. However, only a few proposals were submitted, and the proposals that were submitted were rejected by the division's selection committee. The division is working toward a new process to provide for the redevelopment of the Ala Wai boat harbor, but repair work is needed immediately to ensure the harbor remains an attractive and safe area for Hawaii's residents and visitors.

The purpose of this Act is to authorize the issuance of revenue bonds to finance repairs for the Ala Wai boat harbor.

SECTION 2. Pursuant to part III, chapter 39, Hawaii Revised Statutes, the board of land and natural resources, with the approval of the governor, is authorized to issue revenue bonds from time to time to finance, in whole or in part, repairs for the Ala Wai boat harbor. 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 such refunding revenue bonds do not exceed the principal amount of the revenue bonds being refunded, nor revenue bonds of the board of land and natural resources outstanding at the effective date of this Act shall cause the amount of the above authorization to be decreased.

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 2022-2023 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 2022-2023 and shall lapse instead on June 30, 2027.

The sum appropriated shall be expended by board of land and natural resources.

SECTION 4. The board of land and natural resources shall notify the legislature upon issuance of the revenue bonds authorized by section 2 of this Act, including a detailed listing and description of all projects to be funded through the revenue bond proceeds.

SECTION 5. This Act shall take effect on July 1, 2022.

INTRODUCED BY:

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Report Title:

Ala Wai Boat Harbor; Board of Land and Natural Resources; Revenue Bonds; Appropriation

Description:

Authorizes BLNR to issue revenue bonds for the purpose of financing repairs of the Ala Wai boat harbor.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.