Bill Text: HI SB849 | 2015 | Regular Session | Amended
Bill Title: State Public Charter School Commission; Facilities Funding; General Obligation Bonds; Appropriation ($)
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2015-03-12 - Referred to EDN, FIN, referral sheet 30 [SB849 Detail]
Download: Hawaii-2015-SB849-Amended.html
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THE SENATE |
S.B. NO. |
849 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
S.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO CHARTER SCHOOLS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 302D, Hawaii Revised Statutes, is amended by adding three new sections to be appropriately designated and to read as follows:
"§302D- General obligation bonds; facilities. (a) Notwithstanding any law to the contrary, the commission shall be authorized to request the issuance of general obligation bonds from the director of finance and allocate the proceeds of any general obligation bonds to assist public charter schools with the design, planning, construction, repair, and maintenance of charter school facilities.
(b) Unless otherwise required by law, any public charter school facilities constructed, in whole or in part, through the proceeds of general obligation bonds shall be owned by the State.
§302D- Charter school facilities funding working group. (a) There is established a charter school facilities funding working group within the commission, which shall consist of the following members or their designees:
(1) The chairperson of the commission;
(2) The executive director of the commission;
(3) The director of finance;
(4) The assistant superintendent for school facilities and support services;
(5) The chair of the senate committee on ways and means; and
(6) The chair of the house of representatives committee on finance.
(b) The charter school facilities funding working group shall:
(1) Act in an advisory capacity in determining the criteria for and the allocation of the proceeds of general obligation bonds for public charter school facilities, based in part on the performance and needs of the public charter schools; and
(2) Establish procedures and guidelines for the appropriate use, expenditure, and oversight of facility funds.
§302D- General obligation bonds annual report. The commission shall submit a report to the legislature no later than twenty days prior to the convening of each regular session. The report shall include:
(1) A summary of the criteria used by the commission in allocating the proceeds of the general obligation bonds;
(2) A detailed breakdown of the allocation of the proceeds of the general obligation bonds to the public charter schools; and
(3) A detailed list of projects funded through the proceeds of the general obligation bonds."
SECTION 2. The director of finance is authorized to issue general obligation bonds in the sum of $ or so much thereof as may be necessary and the same sum or so much thereof as may be necessary is appropriated for fiscal year 2015-2016 for the purpose of assisting state public charter schools with the design, planning, construction, repair, and maintenance of school facilities pursuant to this Act.
The sum appropriated shall be expended by the state public charter school commission for the purposes of this Act.
SECTION 3. The appropriation made for the capital improvement project authorized by this Act shall not lapse at the end of the fiscal biennium for which the appropriation is made; provided that all moneys from the appropriation unencumbered as of June 30, 2018, shall lapse as of that date.
SECTION 4. New statutory material is underscored.
SECTION 5. This Act shall take effect on July 1, 2050.
Report Title:
State Public Charter School Commission; Facilities Funding; General Obligation Bonds; Appropriation
Description:
Temporarily authorizes the state public charter school commission to request the issuance of general obligation bonds to finance public charter school facilities. Creates a working group to act in an advisory capacity to determine the criteria for and allocation of bond proceeds and establish procedures and guidelines for the appropriate use, expenditure, and oversight of facility funds. Specifies that bond-funded facilities are owned by the State. Requires an annual report to the legislature. Authorizes the issuance of bonds to fund public charter school facilities. Effective 7/1/2050. (SD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
