HI SB2525

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $120,000,000 to assist Hawaii Pacific University and its not-for-profit affiliates.

Bonds may be used to finance planning, acquisition, construction, and renovation of educational facilities including student housing, athletic facilities, tangible assets, and information technology projects.

Allows refunding of the authorized bonds after June 30, 2017, and permits combining multiple bond issues into single issuances under part VIII, chapter 39A, Hawaii Revised Statutes.

Authorization to issue bonds lapses on June 30, 2017.

Act takes effect on July 1, 2012.