HI HB1329

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds (SPRBs) under Hawaii Revised Statutes Part V, Chapter 39A for four separate Paradise Ohana entities engaged in automotive and motorsports projects in west Oahu.

Part I authorizes SPRBs for Paradise Ohana Automotive Training & Education, LLC for planning, design, and construction of an automotive training and education facility.

Part II authorizes SPRBs for Paradise Ohana Automotive Technologies, LLC for planning, design, and construction of a manufacturing and industrial facility on a portion of a 400+ acre facility in west Oahu.

Part III authorizes SPRBs for Paradise Ohana Automotive Discovery Center, LLC for development of an education facility in west Oahu.

Part IV authorizes SPRBs for Paradise Ohana Motorsports Center, LLC for plans and construction of a motorsports center; all bond authorizations lapse on June 30, 2020 and the act takes effect July 1, 2030.