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HI HB40

Bill

Official Source

Status

Passed

4/16/2010

Primary Sponsor

Marcus Oshiro

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Repeals Act 112, Session Laws of Hawaii 2009, which authorized the issuance of special purpose revenue bonds to assist Carbon Diversion Inc.

  • Carbon Diversion Inc. experienced a change in ownership after Act 112 was enacted.

  • The United States Securities and Exchange Commission investigated the new owners and filed a complaint against them in the United States District Court for the District of Colorado.

  • Committee on Ways and Means determined that repeal of the bond issuance authority is warranted due to the SEC investigation and complaint against the new owners.

Legislative Description

Special Purpose Revenue Bonds; Carbon Diversion Inc.; Repeal

Last Action

(S) Act 029, 4/16/2010 (Gov. Msg. No. 487).

4/16/2010

Committee Referrals

Finance1/23/2009

Full Bill Text

No bill text available