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HI HB1515
Bill
Status
1/29/2015
Primary Sponsor
Chris Lee
Click for details
AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds (amount not specified in bill text) to assist Pelatron Q, LLC in developing waste-to-energy power plants using plasma gasification and vitrification technology in Hawaii.
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Waste-to-energy facilities will process municipal solid waste, construction and demolition waste, green waste, medical waste, and industrial waste to generate 6-8 megawatts of clean renewable energy per plant for sale to electric utilities and government agencies.
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Findings identify benefits including reduction of greenhouse gas emissions and landfill waste, creation of living-wage jobs, reduced transportation and disposal costs, and assistance in meeting Hawaii's renewable energy goals and energy security.
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Authorizes the department to issue refunding bonds subsequent to 2020 to refinance any outstanding bonds issued under this Act, provided compliance with federal tax exemption requirements.
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Authorization to issue bonds lapses on June 30, 2020, with the Act taking effect on that same date.
Legislative Description
Waste-to-energy Power; Sustainable Energy; Waste Management; Clean Energy; Pelatron Q, LLC; Special Purpose Revenue Bonds; Appropriation ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Ito excused (1).
2/20/2015