HomeMy WebLinkAboutORD 1988-047 1988-1992COUNTY OF HAWAII .STATE OF HAWAII
Bill No.
ORDINANCE NO. 88 4'a'
AN ORDINANCE AP9ENDING ORDINANCE 86-31 OF THE COUNTY OF HAWAII
ADOPTED APRIL 9, 1986 RELATING TO GENERAL OBLIGATION BONDS.
BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII:
516
SECTION 1. Section 1 of Ordinance 86-31, adopted on April 9,
1986, is amended to read as follows:
"Section 1. Authorization of Bonds. There are hereby
authorized for issuance and sale general obligation bonds of the
County of Hawaii, State of Hawaii (hereinafter referred to as the
"County") in the principal amount of 14,300,000, the proceeds
derived from the sale of which shall be used to pay all or part of
the cost of appropriations for various public improvements of the
County to be financed from general obligation bond funds made (a) in
the Capital Budget ordinance for the fiscal year ending June 30,
1986 (Ordinance No. 85-51, as amended); (b) in the Capital Budget
ordinance for the fiscal year ending June 30, 1985 (Ordinance
No. 84-32,•as amended); and (c) in the Capital Budget ordinance for
the fiscal year ending June 30, 1984 (Ordinance No. 896, as
amended). The proceeds may also be used to repay funds borrowed
from the General Fund pursuant to one or more resolutions of the
Council.
LA/HT
In addition to the appropriations of the various public
improvements incorporated in the aforementioned capital budget
ordinances, the remaining proceeds, up to the delineated amounts,
may be utilized for the following project(s):
Kuakini Sewer/Interceptor "C" 409,000"
SECTION 2. This ordinance shall take effect upon its approval.
INTRODUCED BY:
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COUNCIL MEMBER, COUNTY OF HAWAII
Hilo, Hawaii
Date of Introduction: March 23, 1988
Date of 1st Reading: March 23, 1988
Date of 2nd Reading: April 6, 1988
Effective Date: T,pril 18, 1988
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