HomeMy WebLinkAboutREP FC 285 04/21/2008 2006-2008
REPORT OF THE
COMMITTEE ON FINANCE
DATE: April 21, 2008 Re: Comm. No. 1168/Bill No. 285
PLACE: Sheraton Keauhou Bay Resort and Spa
78-128 Ehukai Street
Kailua-Kona, Hawaii
TIME: 4:53 p.m.
Council Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill No. 285, reports as follows:
Bill No. 285, transmitted by Director of Finance William Takaba, via Communication No. 1168,
dated April 9, 2008, authorizes the issuance of general obligation bonds of the County of
Hawaii for the purpose of funding all or a portion of the costs of various improvement projects
for the County; fixing the form, denominations, and certain other details of such bonds and
providing the sale thereof; and authorizing the taking of other actions relating to the issuance and
sale of the bonds, authorizes the issuance of up to $112 million in general obligation bonds for
the County of Hawaii to be used for a variety of capital improvement projects that are currently
under way.
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Your Committee on Finance is in accord with the purposes and intent of Bill No. 285, and
recommends it pass first reading.
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AYES NOES A&E EX Respectfully submitted,
FORD X
HIGA X COMMITTEE ON FINANCE
HOFFMANN X
IKEDA X
JACOBSON X /n
NAEOLE X
PILAGO X DOMINIC YAGO JAt
YAGONG X FC RE T 285
YOSHIMOTO X ADOPTED: JUN 1 8 7.18