Loading chat...
HI HB855
Bill
Status
6/9/2011
Primary Sponsor
Calvin Say
Click for details
AI Summary
-
Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not to exceed $25,000,000 to assist Pacific Power and Water Company, Inc. with hydropower facility development throughout Hawaii.
-
Bond proceeds may be used for planning, permitting, designing, constructing, equipping, and operating hydropower plants to promote renewable energy and reduce Hawaii's reliance on imported oil.
-
Bonds issued under part V, chapter 39A of Hawaii Revised Statutes and may be refunded after issuance, with refunding authority continuing beyond June 30, 2016.
-
Authorization to issue new bonds lapses on June 30, 2016.
-
Takes effect July 1, 2011.
Legislative Description
Special Purpose Revenue Bonds; Pacific Power and Water Company, Inc.
Last Action
(H) Act 087, on 6/8/2011 (Gov. Msg. No. 1190).
6/9/2011