HI HB2191

Authorizes the Department of Budget and Finance to issue up to $150,000,000 in special purpose revenue bonds to assist Anaergia Inc. with development of renewable energy and waste recovery facilities on Maui.

Facilities will include a material recovery facility for recyclable materials, an anaerobic digester to convert municipal sludge and food waste to renewable natural gas and compost, and a facility to convert energy crops into renewable natural gas or electricity.

Electrical output from these facilities must be made available to the general public through sales to electric utilities.

Projects are classified as industrial enterprises under Hawaii Revised Statutes chapter 39A, part V, and financing constitutes assistance to industrial development.

Authorization to issue bonds expires on June 30, 2019; allows for refunding bonds to be issued through that date.