HI HB1730

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not to exceed $125,000,000 to assist Pacific Power Group, LLC in installing renewable energy projects in Hawaii.

Bonds may be issued in one or more series and are authorized under part VI, chapter 39A, Hawaii Revised Statutes, relating to utilities serving the general public in providing electric energy.

Authorizes the department to issue refunding bonds after June 30, 2019 to refinance the original bonds or subsequent refunding bonds, subject to federal tax law compliance.

Authorization to issue bonds lapses on June 30, 2019.

Act takes effect on July 1, 2345.