Council Bills and Resolutions Text

    BE IT ORDAINED BY THE PEOPLE OF THE CITY AND COUNTY OF HONOLULU:

    SECTION 1. Findings and Determinations. The Council of the City and County of Honolulu (the “City and County”) hereby finds and determines: (1) the Council of the City and County has heretofore adopted Ordinance No. 01-28, authorizing the issuance and sale and specifying certain terms of general obligation commercial paper of the City and County, and authorizing and providing for certain related matters; and (2) it is advisable, expedient and in the best interest of the City and County to increase the amount of such commercial paper authorized to be issued and to extend the period during which such commercial paper may be issued.

    SECTION 2. Amendment of Section 2. Section 2 of Ordinance No. 01-28 is hereby amended to change the amount “One Hundred Fifty Million Dollars ($150,000,000)” to “Two Hundred Fifty Million Dollars ($250,000,000)”.

    SECTION 3. Amendment of Section 3. Section 3 of Ordinance No. 01-28 is hereby amended to change the date “July 1, 2010” to “July 1, 2020”.

    SECTION 4. Repeal of Conflicts. All ordinances and resolutions, and any portions of ordinances and resolutions, heretofore enacted or adopted by the Council which are in conflict or inconsistent with any provision of this ordinance shall be and are hereby repealed to the extent of such conflict or inconsistency. Except as amended hereby, Ordinance No. 01-28 shall remain in full force and effect.

BFSAMEND ORD 01-28.B04    SECTION 5. Effective Date. This ordinance shall take effect upon its approval.

                    INTRODUCED BY:

DATE OF INTRODUCTION: