HomeMy WebLinkAboutREP FC 382 07/06/1987 1984-1988 y • REPORT OF THE 5
COMMITTEE ON FINANCE
Date: July 6 , 1987 Re: 'Comm. 1171
Place: Councilroom
Time: 10 :00 a.m.
Chairman and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance , to which was referred Bill 388 , reports
as follows:
The purpose of Bill 388 is to amend Ordinance 709 , as amended,
relating to General Obligation Bonds, by including the public
improvements authorized by Ordinance 86-64 , as amended; the Capital ,
Budget Ordinance for the fiscal year ending June 30 , 1987 and the
public improvements authorized by Ordinance 87-59 , as amended; the
• Capital Budget Ordinance for the fiscal year ending June 30 , 1988 ,
for allotments from the proceeds of the bond sale .
Ordinance 709, adopted on August 19 , 1981, has also been amended by
the following ordinances :
Ordinance 830 adopted November 17 , 1982
Ordinance 84-26 adopted June 13 , 1984
Ordinance 84-49 adopted August 22, 1984 .
The amendment complements actions relating to Bill Nos. 386 and
387 . The primary intent is to enable the administration to proceed
with the Hilo Ocean Outfall Extension project . Your committee is
fully aware of the urgency of the completion of this project .
Your committee also recognizes that other projects incorporated in .
Ordinances 86-64 , as amended, and 87-59 , as amended, will qualify
for allotments from the proceeds of this bond issue .
Your Committee on Finance is in accord with the intent and purpose .
of Bill 388 and recommen s that its first reading.
LA fa...
FRANK DE LUZ III , kHAIRMAN
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MERLE LAI, MEMBER SPENCER K. SCHUTTE, MEMBER
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FC REPORT N0 . 382
ADOPTED: JUL 2 2 1981