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BIL 160 Draft 02 2008-2010
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BIL 160 Draft 02 2008-2010
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Entry Properties
Last modified
12/3/2009 11:43:10 AM
Creation date
11/6/2009 1:50:54 PM
Metadata
Fields
Template:
Bill/Resolution
Bill/Resolution - Type
BIL
Bill/Resolution - Council Term
2008-2010
Bill/Resolution
160
Draft
02
Introducer
Dennis "Fresh" Onishi, Council Member
Referred To
COUNCIL
Action 1
Council: Bill 160, Draft 2 passes first reading; adopts FC-102 - 11/04/09
Action 2
Council: Bill 160, Draft 2 passes second & final reading - 11/18/09
Status
Adopted
Date To Mayor or Adoption Date
11/27/2009
Reading Number
1
Reading Date
11/4/2009
Ayes
7-Ford;Greenwell;Hoffmann;Ikeda;Onishi;Yagong;Yoshimoto
Noes
0
Absent
2-Enriques;Naeole
Excused
0
Reading Number .
2
Reading Date .
11/18/2009
Ayes .
8-Enriques;Ford;Greenwell;Hoffmann;Ikeda;Naeole;Yagong;Yoshimoto
Noes .
0
Absent .
1-Onishi
Excused .
0
Comments
$Bill/Resolution_Comments$
Document Relationships
AGE COUNCIL 11/18/2009 2008-2010
(Related To)
Path:
\Council Records\Agendas\2008-2010\Council
COM 0570.003 2008-2010
(Related To)
Path:
\Council Records\Communications\2008-2010
ORD 2009-153 2008-2010
(Related To)
Path:
\Council Records\Ordinances\2009
ORD 2009-153 2008-2010
(Related)
Path:
\Council Records\Ordinances\2009
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<br /> <br /> <br /> <br /> <br /> <br /> anticipation of which the Notes are authorized and issued hereunder may be issued and sold in <br /> accordance with the provisions of this Ordinance at any time within five years of the date of issuance of <br /> <br /> the first Notes issued in anticipation of such Bonds. <br /> <br /> SECTION 9. Security for the Bonds and the Notes; Reimbursement by Water <br /> <br /> Department. The Bonds and Notes are authorized to be issued as reimbursable general obligation <br /> bonds. The full faith and credit of the County is hereby pledged to the payment of the principal of and <br /> <br /> interest on the Bonds and the Notes, and such principal and interest payments shall be a first charge on <br /> the General Fund of the County. The General Fund of the County shall be reimbursed at least <br /> <br /> annually for the principal of and interest on such Bonds and Notes from the revenues of the <br /> Water Department remaining after costs of operation, maintenance and repair of the properties of <br /> <br /> the Water Department and after the required payments, if any, of the principal of and interest on <br /> any revenue bonds of the Water Department have been made. The Water Department is hereby <br /> <br /> authorized and directed, subject to applicable provisions of law, to impose and maintain such <br /> rates, rentals, fees and charges for connection to and the use and services of the water system of <br /> <br /> the Water Department so as to produce revenues which, together with other lawfully available <br /> funds of the Water Department, shall be at least sufficient (after payment of the costs of <br /> <br /> operation, maintenance and repair and after payments on revenue bonds as aforesaid) to pay or <br /> reimburse the General Fund of the County for payments of the principal of and interest on the <br /> <br /> Bonds and Notes. The Water Department shall also reimburse the County for (i) costs of <br /> issuance of the Bonds and Notes to the extent that such costs are not paid from the proceeds of <br /> <br /> the Bonds and Notes, and (ii) future servicing costs, including fees and expenses of paying <br /> agents and arbitrage consultants, pertaining to such Bonds and Notes. The Director of Finance, <br /> in consultation with the Water Department, shall determine amounts to be reimbursed in respect <br /> <br /> of the principal and interest payments, costs of issuance and servicing costs allocable to the <br /> Bonds and Notes. <br /> <br /> <br /> SECTION 10. CUSIP Identification Numbers. The Director of Finance may authorize <br /> <br /> the printing of CUSIP identification numbers upon the Bonds. Such number and the printing thereof <br /> shall be subject in all respects to the provisions of Section 47-10, Hawaii Revised Statutes, as amended. <br /> <br /> <br /> <br /> <br /> 5 <br />
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