BIL 348 Draft 02 2002-2004 - Laserfiche WebLink

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emergency access road $100.000; transportation enhancement nroiects in Hilo, $1,000,000. Moreover islandwide facilityplannine efforts shall include $2,000,000 for the identification of roadway corridors wastewater facilities nlannine and exuansion, solid waste facilities plannine and implementation and multimodal transportation nlannine and implementation." "SECTION 3. Authorization of Bonds. There are hereby authorized for issuance and sale Bonds of the County in a principal amount not to exceed [$4A,AA9:9AA] $47,000,000 in the aggregate, the proceeds derived from the sale of which shall be used and expended by the County to pay all or a part of the costs of the authorized public improvements referred to in Section 14 hereof and all or a part of the costs incurred by the County in connection with the issuance of the Bonds." SECTION 2. Ordinance No. 04-59, SECTION 14, is hereby amended to read as follows: "SECTION 14. Authorization of Proceeds for Public Improvements. The proceeds from the issuance and sale of General Obligation Bonds of the County of Hawaii in the principal amount of [$4&99999] $47,000,000 shall be used for the sole purpose of financing road and highway construction, transportation enhancement projects in the districts of North Kona, South Kona, Puna Hamakua. Hilo and South Kohala, and islandwide infrastructure plannine efforts for roadway corridors, wastewater and solid waste facilities, and multimodal transportation." SECTION 3. Material to be deleted is bracketed. New material is underscored. In printing this ordinance, the brackets, bracketed material, and underscoring need not be included. SECTION 4. Effective Date. This ordinance shall take effect upon its approval. INTRODUCED BY: COUNCIL ME ER, COUNTY OF HAWAII Hawaii Date of Introduction: Date of ls` Reading: Date of 2nd Reading: Effective Date: REFERENCE: Comm. 798.7