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BIL 215 Draft 01 2022-2024
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BIL 215 Draft 01 2022-2024
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Entry Properties
Last modified
11/29/2024 10:58:33 AM
Creation date
9/19/2024 4:27:15 PM
Metadata
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Bill/Resolution
Bill/Resolution - Type
BIL
Bill/Resolution - Council Term
2022-2024
Bill/Resolution
215
Draft
01
Introducer
Matt Kaneali'i-Kleinfelder, Council Member
Referred To
FC
Action 1
FC-208: Recommended passage on first reading - 10/1/2024
Action 2
Council: Bill 215 passes first reading; adopts FC-208 - 10/16/2024
Action 3
Council: Bill 215 passes second & final reading - 11/8/2024
Status
Adopted
Date To Mayor or Adoption Date
11/15/2024
Reading Number
1
Reading Date
10/16/2024
Ayes
8-Evans, Galimba, Inaba, Kagiwada, Kaneali'i-Kleinfelder, Kierkiewicz, Lee Loy, and Villegas
Noes
0
Absent
0
Excused
1-Kimball
Reading Number .
2
Reading Date .
11/8/2024
Ayes .
5-Evans, Inaba, Kagiwada, Kaneali'i-Kleinfelder, and Kierkiewicz
Noes .
0
Absent .
2-Galimba and Villegas
Excused .
1-Kimball
Document Relationships
AGE COUNCIL 2024-10-16 2022-2024
(Related To)
Path:
\Council Records\Agendas\2022-2024\Council
AGE COUNCIL 2024-11-08 2022-2024
(Related To)
Path:
\Council Records\Agendas\2022-2024\Council
AGE FC 2024/10/01 (2022-2024)
(Related)
Path:
\Council Records\Agendas\2022-2024\Finance Committee (FC)
COM 1083.000 2022-2024
(Related)
Path:
\Council Records\Communications\2022-2024
ORD 2024-095 2022-2024
(Related To)
Path:
\Council Records\Ordinances\2024
REP FC 208 2024/10/01 2022-2024
(Related)
Path:
\Council Records\Reports\2022-2024\Finance Committee (FC)
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SECTION 6. Execution and Form of Fully Registered Bonds. The Bonds of a series shall be <br />lithographed, steel engraved, typewritten, printed or in other reproduced form as the Director of Finance may <br />determine. The Bonds of a series shall bear the manual or facsimile signatures of the Director of Finance and of <br />the Mayor of the County, and shall also bear the seal of the County or a facsimile of such seal. The Director of <br />Finance may provide for the Bonds of a series to be issued in and effect a book -entry system for such Bonds. <br />The Director of Finance may prepare such number of blank Bonds of any series executed and sealed as aforesaid <br />as she shall determine and deliver such executed blank Bonds to the registrar for such series for safekeeping prior <br />to the time such Bonds are actually issued, exchanged or transferred. The Director of Finance shall direct the <br />registrar for the Bonds of a series to register and authenticate such Bonds and no such Bond shall be valid or <br />obligatory for any purpose unless and until the certificate of authentication endorsed on such Bond shall have <br />been manually executed by such registrar; provided that a certificate of authentication shall not be required for <br />any Bond if the Director of Finance is the registrar and if such Director has manually signed the Bond in <br />question. <br />The Bonds of a series shall be designated and the form of such Bonds, including the registrar's <br />certificate of authentication (if required) and the assignment, shall be substantially in the form of general <br />obligation bonds heretofore issued by the County with such insertions, variations and omissions as are required <br />with respect to a particular series of the Bonds, book -entry provisions, variable rate provisions or other provisions <br />as the Director of Finance may determine. <br />SECTION 7. Sale of Bonds. Without any further authorization or approval from or action by <br />the Council but subject to the provisions hereof and of applicable law, the Director of Finance is hereby <br />authorized to issue and sell the Bonds in their entirety at one time, or from time to time in two or more separate <br />series, or as part of a series of other general obligation bonds of the County, at competitive sale or at negotiated <br />sale to qualified purchasers in accordance with Section 47-8, Hawaii Revised Statutes, as amended, in each case <br />at such price or prices and upon such terms and conditions as she shall approve and determine to be in the best <br />interest of the County. Without limiting the generality of the foregoing, with respect to the sale of the Bonds or <br />of portions of the Bonds, the Director of Finance is hereby authorized to retain bond counsel, paying agents, <br />registrars and financial and accounting consultants, upon such terms and conditions as she shall deem advisable, <br />to select the date for such sale, to publish and distribute a Notice of Sale or to enter into a negotiated contract for <br />the sale of the Bonds or portions thereof, in each case in such form and containing such terms and conditions as <br />she shall approve and deem advisable, to distribute an Official Statement and such other information relating to <br />the County and the Bonds as she may deem advisable, to receive bids for the sale of the Bonds or the portion <br />3 <br />
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