Bill Text: HI SB2991 | 2012 | Regular Session | Introduced
Bill Title: Aloha Stadium; Stadium Authority; University of Hawaii
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2012-02-15 - (S) The committee on EDU deferred the measure. [SB2991 Detail]
Download: Hawaii-2012-SB2991-Introduced.html
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THE SENATE |
S.B. NO. |
2991 |
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TWENTY-SIXTH LEGISLATURE, 2012 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to aloha stadium.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The University of Hawaii generates a significant percentage of Aloha Stadium's revenues but does not receive any portion of these revenues. The purpose of this Act is to require that the University of Hawaii receive twenty-five per cent of all revenue it generates for Aloha Stadium.
SECTION 2. Chapter 109, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§109- Stadium revenue; University of Hawaii. (a) The stadium authority shall distribute to the University of Hawaii twenty-five per cent of all revenue generated by the University of Hawaii at the stadium.
(b) The stadium authority and the University of Hawaii shall determine what constitutes revenue generated by the University of Hawaii for purposes of this section."
SECTION 3. Section 109-3, Hawaii Revised Statutes, is amended to read as follows:
"§109-3 Stadium special fund. There is created a special fund to be known as the stadium special fund into which funds collected by the authority shall be deposited; provided that all funds received pursuant to this section shall be kept completely separate from the Kapolei recreational sports complex special fund. Moneys may not be transferred between the stadium special fund and the Kapolei recreational sports complex special fund. The stadium special fund shall be applied, used, and disposed of for the payment of:
(1) The expenses of the operation, maintenance,
promotion, and management of[; and] the stadium and related
facilities;
(2) All or a portion of the cost of financing any
capital improvement project for[;] the stadium and related facilities;
and
(3) Distributions to the University of Hawaii for revenue generated by the University of Hawaii at the stadium, pursuant to section 109- ;
[the stadium and related facilities;]
provided that all services required for the stadium and related facilities
shall be performed by persons hired on contract or otherwise, without regard
for chapter 76; provided further that the authority shall report to the
legislature all receipts and expenditures of the stadium special fund account
twenty days prior to the convening of each regular session."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Aloha Stadium; Stadium Authority; University of Hawaii
Description:
Requires the stadium authority to pay the University of Hawaii twenty-five per cent of all revenues the University of Hawaii generates at Aloha Stadium. Authorizes payment of the distribution to the University of Hawaii out of the stadium special fund.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
