Revised Ordinances of Honolulu(Link to original Word Processing Version)
A BILL FOR AN ORDINANCE TO AMEND CHAPTER 6, REVISED ORDINANCES OF HONOLULU 1990, AS AMENDED, RELATING TO THE TRANSIT IMPROVEMENT BOND FUND. BE IT ORDAINED by the People of the City and County of Honolulu:
SECTION 1. The purpose of this ordinance is to create a fund to
receive and expend monies from proceeds of the sale of general obligation bonds
of the city and county issued to pay all or part of those
appropriations for public improvements made in the capital budget ordinance of the city
and county and specified therein to be expended from the transit improvement bond
fund.
SECTION 2. Chapter 6, Revised Ordinances of Honolulu 1990, is amended by adding
a new article to be appropriately designated by the revisor of ordinances and
to read as follows: Article. Transit Improvement Bond Fund
Section 6- .1 Creation.
There is hereby created and established a special fund to be known as
the “transit improvement bond fund.”
There shall be deposited into the transit improvement bond fund the proceeds of
the sale of general obligation bonds of the city and county issued to
pay all or part of those appropriations for public improvements made in the
capital budget ordinance of the city and county and specified therein to be
expended from the transit improvement bond fund.
Section 6- .3
Expenditure.
DATE OF INTRODUCTION:
_________________________________
APPROVED AS TO FORM AND LEGALITY:
| ||||||