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HI HB824
Bill
Status
1/28/2015
Primary Sponsor
Clift Tsuji
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AI Summary
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Authorizes the Hawaii Green Infrastructure Authority to set aside funds from the green energy market securitization program specifically for agricultural enterprises seeking to invest in alternative energy infrastructure.
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Allows the authority to encumber up to a specified amount (blank in bill) from the Hawaii Green Infrastructure Special Fund exclusively for issuing bonds to qualified agricultural enterprises.
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Addresses Hawaii's agricultural industry challenges by providing access to affordable financing for renewable energy systems, including photovoltaic, hydroelectric, wind, methane, biodiesel, and ethanol technologies.
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Amends Section 196-64 of the Hawaii Revised Statutes to add a new subsection (3) creating the reserved agricultural bond funding mechanism while renumbering subsequent subsections accordingly.
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Takes effect upon approval by the governor.
Legislative Description
Hawaii Green Infrastructure Authority; Hawaii Green Infrastructure Fund; Bonds; Agricultural Enterprises ($)
Last Action
The committee(s) on AGR recommend(s) that the measure be deferred.
2/12/2015