HI HB801

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist SunStrong LLC, a renewable energy developer, in providing renewable electric energy and installing renewable energy projects in Hawaii.

Bond authorization is pursuant to part VI, chapter 39A of Hawaii Revised Statutes, which permits financing for utilities serving the general public in providing electric energy, gas, or telecommunications.

Allows the department to issue refunding bonds subsequent to June 30, 2020, to refinance the original bonds issued under this Act, in compliance with federal tax exemption requirements.

Authorization to issue bonds under this Act expires on June 30, 2020.

Effective date is July 1, 2015.