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HomeMy WebLinkAboutORD 1986-075 1984-1988COUNTY OF HAWAII _STATE OF HAWAII Bill No. 194 ORDINANCE NO. 86 75 AN ORDINANCE TO CLOSE THE HILO SEWER FUND ISI-A, A SPECIAL FUND, TO THE PUBLIC IMPROVEMENT BOND FUND. SECTION 1. Purpose. It is the purpose of this ordinance to close the Hilo Sewer Fund III-A, a special fund, by transferring the unappropriated fund balance and the unencumbered project balances to the Public Improvement Bond Fund. The Auditor's Report for the fiscal year ending June 30, 1985, recommended that this fund be closed and proceeds transferred to the Public Improvement Bond Fund. SECTION 2. The Unappropriated fund balance and the unencumbered project balances of the Hilo Sewer Fund III-A, a special fund, is hereby transferred to the Hilo Wastewater System project of the Public Improvement Bond Fund. SECTION 3. The Hilo Sewer Fund III-A, a special fund, shall be deemed closed upon transfer of all proceeds. SECTION 4. This ordinance shall take effect upon its approval. INTRODUCED 8Y: COUNCIL MEMBER, OUNTY OF HAWAII Hilo, Hawaii Date of Introduction: June 4, 1986 Date of 1st Reading: June 4, 1986 Date of 2nd Reading: June 17, 1986 Effective Date: June 25, 1986