HI SB2946

Extends the rental motor vehicle surcharge tax at $7.50 per day through June 30, 2016 (previously set to revert to $3 per day on June 30, 2012).

Extends the deposit of $4.50 per day of surcharge tax revenue into the general fund through June 30, 2016, with remaining revenue deposited into the rental motor vehicle customer facility charge special fund.

Extends the suspension of rental motor vehicle customer facility charges through June 30, 2016.

Authorizes the Department of Transportation to issue rental motor vehicle customer facility revenue bonds up to $500,000,000 for enhancement, renovation, and development of rental motor vehicle customer facilities, to be repaid from surcharge taxes and facility charges.

Effective June 29, 2012, with sections regarding bond authority and fund allocation effective July 1, 2012.