Bill Text: HI SB966 | 2020 | Regular Session | Introduced
Bill Title: Relating To Mililani Technology Park.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2020-06-22 - Received notice of all Senate conferees being discharged (Sen. Com. No. 535). [SB966 Detail]
Download: Hawaii-2020-SB966-Introduced.html
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THE SENATE |
S.B. NO. |
966 |
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THIRTIETH LEGISLATURE, 2019 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to mililani technology park.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The board of land and natural resources shall enter into negotiations to acquire the property identified as Tax Map Key: (1)9-5-046:042, a parcel within Mililani Technology Park; provided that the purchase price shall not exceed the appraised value of the property as appraised by the department of land and natural resources.
SECTION 2. The director of finance is authorized to issue general obligation bonds in the sum of $14,500,000 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 2019-2020 for the purchase of the property identified as Tax Map Key: (1)9-5-046:042, a parcel within Mililani Technology Park, to facilitate the redevelopment of this parcel for community benefit.
The sum appropriated shall be expended by the department of land and natural resources for the purposes of this Act.
SECTION 3. There is appropriated out of the general revenues of the State of Hawaii the sum of $ or so much thereof as may be necessary for fiscal year 2019-2020 and the same sum or so much thereof as may be necessary for fiscal year 2020-2021 for the board of land and natural resources to:
(1) Engage in negotiations to purchase the property identified as Tax Map Key: (1)9-5-046:042, a parcel within Mililani Technology Park; and
(2) Conduct due diligence of the property.
The sums appropriated shall be expended by the department of land and natural resources for the purposes of this Act.
SECTION 4. The appropriation made in section 2 of this Act for the purchase of property 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, 2022, shall lapse as of that date.
SECTION 5. This Act shall take effect on July 1, 2019.
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INTRODUCED BY: |
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Report Title:
BLNR; Mililani Technology Park; Acquisition; Redevelopment; Appropriation
Description:
Requires BLNR to enter into negotiations to acquire the property identified as Tax Map Key: (1)9-5-046:042, a parcel within Mililani Technology Park, to facilitate the redevelopment of the parcel for community benefit. Appropriates funds.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
