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HI SB2754
Bill
Status
1/17/2014
Primary Sponsor
Kalani English
Click for details
AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not to exceed $50,000,000 to assist Princeton Energy Group (or a related special purpose entity) with financing a renewable energy project with energy storage technology on Molokai.
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Bonds may be used for planning, design, construction, equipping, land leases, and other tangible assets related to the renewable energy project near Kaunakakai on Molokai.
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Allows refunding of the authorized bonds at any time, including after June 30, 2019, subject to federal tax law requirements for tax-exempt bonds.
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Authorization to issue bonds expires on June 30, 2019.
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Act takes effect on July 1, 2050.
Legislative Description
Special Purpose Revenue Bonds; Princeton Energy Group or Related Special Purpose Entity; Renewable Energy Project; Energy Storage Technology ($)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/13/2014