CHC 1979-06-19 - Laserfiche WebLink

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we could have gone improvement district, industrial bond concept but at that time the Constitution was very prohibitive and we were not sure. I don ' t know exactly what the language was , Harlan, you can pick that point up. Under the improvement district, industrial bond section of the older Constitution it was not clear and we couldn ' t float with confidence in industrial bonds so we always had a difficult time. So we moved into general obligation bonds. But now that the Constitution has been amended and some legislation will take place we may go into industrial bonds if another situation arises like this again. MR. ISHIDA: Then you mean the water board did not initiate this general obligation plan? MAYOR MATAYOSHI : They can ' t. I think it ' s a great day I got that bond going. I think it is going to open up a lot of new jobs. I think it is going to have a good development. I think it is going to be good for the island and I think the water board is going to get more revenues, too. I would like' to see it very much, that the water situation be directly under the Mayor ' s office. I recognize if it passes in November it has only got a year. After that, I don ' t know, but whomever is sitting in the Mayor' s office ought to have that responsibility. MR. OMONAKA: Mr. Mayor, did I hear you correctly? Did you say that the revenues from water should be kept separate even if the water department comes under the MAYOR MATAYOSHI : Yes. Like the highway fund. MR. OMONAKA: Specifically for that department. MAYOR MATAYOSHI : Yes, just like highway funds. The county has four special funds, right? General fund, parking meter fund , sewage fund, and highway fund. And, of course, there is the CIP. I 'm saying keep all four and the CIP account plus water. So then we have all of this. Right now, we have the general fund. General fund kicks into highway fund. Sewage fund. General fund kicks into the sewage fund. The parking meter fund. Luckily we are doing all right here. That is a special fund and when we do buy parking meters it comes out of that fund ; the salary of those people comes out of that; the street lights. ..that program comes out of that. So it is a special account. These are the four accounts and I 'm just saying add another. MR. OMONAKA: So that fund would be used primarily to take care of the operations of water. MAYOR MATAYOSHI : Yes, the operations of water and so on. MR. OMONAKA: You kind of defeat the purpose to say that you are going to have it. . . -22-