HomeMy WebLinkAboutREP FC 223 2022/10/18 2020-2022 REPORT OFT E
COMMITTEE FINANCE
DATE: October 18, 2022 Re: Comm.No. 1040/13ill No. 225
PLACE: Council Chambers
Kailua-Kona, Hawaii
TIME: 1:04 p.m.
Council Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance,to which was referred Bill No. 225, reports as follows:
Bill No. 225,transmitted by Finance Director Deanna S. Sako via Communication No. 1040 dated
September 30, 2022, authorizes the Mayor of the County of Hawaii to enter into an intergovernmental
agreement for a State Water Pollution Control Revolving Fund loan for wastewater public improvement
projects; and authorizes the issuance of$17,000,000 general obligation bonds of the County of Hawaii
for the purpose of financing qualified wastewater public improvements of the County of Hawaii.
The issuance of General Obligation Bonds would serve as security for the repayment of funds loaned
to the County via the State Revolving Fund program.
Committee Chair Matt Kaneali`i-Kleinfelder noted that this bill is a companion measure to Bill No. 223.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 225, and recommends
its passage on first reading.
AYES NOES ABS EX Respectfully submitted,
CIIUNG X
DAVID x COMMITTEE ON FINANCE
INABA x
KANEALI`I-KLEINFELDER x
KIERKIEWICZ x
KIMBALL x MATT KANEALI`I-KLEINFELDER, CHAIR
LEE LOY x
RICHARDS x FC REPORT NO.: 223
VILLEGAS x ADOPTED: NOV 0 2 2022