HI SB2274

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not to exceed $75,000,000 to assist Hawaii Pacific Health, its obligated group, and affiliated not-for-profit entities in financing, refinancing, or reimbursing costs for health care facility acquisition or construction.

Bonds shall be issued pursuant to part II, chapter 39A, Hawaii Revised Statutes, which governs special purpose revenue bonds for not-for-profit health care providers.

Authorizes the Department of Budget and Finance to issue refunding special purpose revenue bonds after June 30, 2015 to refund the authorized bonds, subject to federal tax exemption requirements.

Authorization to issue special purpose revenue bonds lapses on June 30, 2015.

Effective date is July 1, 2050.