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Voter's information for the general Election?
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10-13-2014, 01:12 PM
Hawaii League of Women Voters has, in the past, provided opportunity on their web site for candidates to provide some words about their background and their positions on issues...
and I just looked and they still do... http://www.lwv-hawaii.com/candidates-2014.htm
10-15-2014, 05:44 AM
@PauHana: you are correct about the special purpose revenue bonds, BUT when it is time for the bonds + interest to be repaid, the funds come from our tax dollars. Ultimately, we are still paying for this. Not a problem if you agree with what is being funded. On the other hand...
10-15-2014, 07:15 AM
No tax dollars pay interest or principle. The borrower stated in the bond is solely responsible for payment. If the borrower defaults the State has no liability. The bond holders are out of luck if the project tanks they have no recourse against the State.
That said it would have to be a fairly big operation to absorb origination costs of such a bond. This amendment only allows the legislature to authorize such a bond, which might also be a painful process for unpopular entities. As for the Dams I would be interested to know who, what, where, and why.
10-15-2014, 07:40 AM
From Wikipedia, the free encyclopedia
A revenue bond is a special type of municipal bond distinguished by its guarantee of repayment solely from revenues generated by a specified revenue-generating entity associated with the purpose of the bonds, rather than from a tax. Unlike general obligation bonds, only the revenues specified in the legal contract between the bond holder and bond issuer are required to be used for repayment of the principal and interest of the bonds; other revenues (notably tax revenues) and the general credit of the issuing agency are not so encumbered. Because the pledge of security is not as great as that of general obligation bonds, revenue bonds may carry a slightly higher interest rate than G.O. bonds; however, they are usually considered the second-most secure type of municipal bonds.
10-15-2014, 01:53 PM
Laura Thielen was DLNR chairman for Linda Lingle so she has probably seen the more unseemly side of land and power in Hawaii politics. Attached is a good write up on what these amendments are about and her take on them. Regardless of the fact tax payers are not on the hook for the Bond money the merits of the bonds is discussed here. Worth reading, with angles I had not considered. http://www.senatorlaurathielen.com/two-c...riculture/
10-16-2014, 01:07 PM
Anyone know who puts out "The Coconut" East, a free paper about the size of Big Island Weekly? Just got a Tuesday edition stuffed in my box. I notice it has a Trib article reprint, so wonder if it's a Trib product.
Anyhow, it has a newsprint copy of the Trib's You Decide 2014 Election Guide as an insert. opihikao, there is a nice color photo of Mililani Trask for OHA. Unfortunately they did not do an interview of the OHA candidates or talk about the race. They should fix that. Nothing about ballot measures either. They ran articles on the governor's race, the District 5 Council, and the Dist. 9 Council race in Kohala. Kathy |
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