HI SB1047

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds (amount not specified in text) to assist Pelatron Q, LLC in developing waste-to-energy power plants using patented plasma gasification and vitrification technology in Hawaii.

Each waste-to-energy facility will produce approximately 6-8 megawatts of clean renewable energy by converting municipal solid waste, construction debris, green waste, and other carbonaceous materials into synthetic gas for electricity generation.

Electrical output from these facilities must be made available to the general public through sales to electric utilities or to federal, state, and county agencies.

Establishes the project as an industrial enterprise under Hawaii Revised Statutes chapter 39A, part V, qualifying it for special purpose revenue bond financing.

Bond authorization lapses on June 30, 2020, with provisions allowing for refunding bonds through that date; the Act takes effect July 1, 2015.