THE SENATE	S.B. NO.	624
THIRTY-SECOND LEGISLATURE, 2023
STATE OF HAWAII

A BILL FOR AN ACT

relating to an aloha stadium replacement.

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

SECTION 1. Chapter 109, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§109- New stadium; bonds prohibited. Notwithstanding section 39-1, the director of finance shall be prohibited from issuing any general obligation bonds for the design, development, or construction of a stadium facility that replaces aloha stadium."

SECTION 2. Section 109-3.5, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

"(b) Moneys in the stadium development special fund shall be used by the stadium authority for the payment of expenses arising from any and all use, operation, repair, maintenance, alteration, improvement, development, or any unforeseen or unplanned repairs of the stadium development district, including without limitation:

[(1) The development, operation, and maintenance of a new stadium;

(2)] (1) Food and beverage service and parking service provided at the stadium facility; the sale of souvenirs, logo items, or other items; any future major repair, maintenance, and improvement of the stadium facility as a commercial enterprise or as a world-class facility for athletic events, entertainment, or public events; and marketing the facility pursuant to section 109-2(4) and (8); and

(3) Contractual payments to developers or contractors engaged by the stadium authority for the purpose of redeveloping the [site] district and related on- and off-site infrastructure that benefits the stadium district and its development guidance policies[.]; provided that the funds shall not be used for the design, development, or construction of a stadium facility that replaces aloha stadium."

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 Statutory material to be repealed is bracketed and stricken.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:

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Report Title:

Aloha Stadium Replacement; Bonds; Director of Finance

Description:

Prohibits the Director of Finance from issuing general obligation bonds to fund the design, development, or construction of a stadium facility that replaces Aloha Stadium. Prohibits any moneys in the Stadium Development Special Fund from funding the design, development, or construction of a stadium facility that replaces Aloha Stadium.

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