Bill Text: HI SB624 | 2024 | Regular Session | Introduced
Bill Title: Relating To An Aloha Stadium Replacement.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2023-12-11 - Carried over to 2024 Regular Session. [SB624 Detail]
Download: Hawaii-2024-SB624-Introduced.html
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THE SENATE |
S.B. NO. |
624 |
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THIRTY-SECOND LEGISLATURE, 2023 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to an aloha stadium replacement.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"§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 Statutory material to be repealed is bracketed and stricken.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.
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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.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
