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HI HB241
Bill
Status
6/1/2015
Primary Sponsor
Scott Saiki
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AI Summary
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Extends the authorization to issue special purpose revenue bonds (SPRB) for seawater air conditioning projects on Oahu under Act 79, Session Laws of Hawaii 2005
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Changes the bond issuance deadline from June 28, 2015 to June 26, 2020, allowing the Department of Budget and Finance to continue issuing bonds for five additional years
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Permits the department to issue refunding bonds to refinance outstanding special purpose revenue bonds regardless of maturity status or redemption conditions
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Requires the department to comply with federal tax law regarding tax-exempt bond interest in making bond determinations
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Takes effect on June 27, 2015
Legislative Description
SPRB; Honolulu Seawater Air Conditioning LLC ($)
Last Action
Act 074, 05/29/2015 (Gov. Msg. No. 1174).
6/1/2015