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HI SB2756

Bill

Status

Engrossed

3/4/2014

Primary Sponsor

Kalani English

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $50,000,000 to assist Clean Communities, LLC in processing sewage into sewage derived fuel.

  • Bonds issued under part IV, chapter 39A, Hawaii Revised Statutes, for financing a sewage processing facility classified as a project assisting a processing enterprise.

  • Department authorized to issue refunding bonds after June 30, 2019, to refinance the original bonds and subsequent refunding bonds in compliance with federal tax-exemption requirements.

  • Authorization to issue bonds lapses on June 30, 2019.

  • Act takes effect July 1, 2050.

Legislative Description

SPRB; Sewage Processing; Clean Communities, LLC ($)

Last Action

Passed Second Reading and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Takai, Tokioka excused (2).

3/18/2014

Committee Referrals

Finance3/18/2014
Energy & Environmental Protection3/6/2014
Ways and Means2/14/2014
Energy and Environment1/21/2014

Full Bill Text

No bill text available