SB 2236 Summary

• Amends chapter 39A, part VI, Hawaii Revised Statutes, to authorize issuance of special purpose revenue bonds to assist utilities serving the general public in providing telecommunications.

• Authorizes issuance of up to $100,000,000 in special purpose revenue bonds to assist Clearcom, Inc. or a partnership headed by Clearcom, Inc. with planning, permitting, designing, constructing, equipping, and operating broadband infrastructure throughout Hawaii.

• Authorization to issue special purpose revenue bonds lapses on June 30, 2017.

• Effective date is July 1, 2012.

• Designed to support the Hawaii broadband initiative's goal of providing affordable high-speed communication services throughout the State by 2018.