HI HB2213

Department of Budget and Finance is authorized to issue special purpose revenue bonds not to exceed $50,000,000 in one or more series to assist West Maui Hospital Foundation, Inc. in financing establishment of a hospital in west Maui.

Bonds shall be issued pursuant to part II, chapter 39A, Hawaii Revised Statutes, which governs special purpose revenue bonds for not-for-profit health care providers serving the general public.

Department is authorized to issue refunding bonds after June 30, 2019, to refund the authorized bonds and any subsequent refunding bonds, provided federal tax exemption requirements are met.

Authorization to issue special purpose revenue bonds under this Act lapses on June 30, 2019.

Act takes effect on July 1, 2014.