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HI SB706
Bill
Status
1/23/2015
Primary Sponsor
Mike Gabbard
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AI Summary
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Authorizes the issuance of $3,000,000 in general obligation bonds for fiscal year 2015-2016 to develop an electrolysis process hydrogen production, storage, and dispensing facility.
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Directs the High Technology Development Corporation to expend the bond funds for the hydrogen facility project.
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Appropriates $1,800,000 from general revenues for fiscal year 2015-2016 to be deposited into the high technology special fund.
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Appropriates $1,800,000 from the high technology special fund for operating costs of the hydrogen facility for fiscal years 2015-2016 and 2016-2017.
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Appropriations do not lapse at the end of the fiscal biennium, except that unencumbered moneys shall lapse as of June 30, 2018; effective July 1, 2015.
Legislative Description
High Technology Development Corporation; High Technology Special Fund; Electrolysis Process Hydrogen Production, Storage, and Dispensing Facility; General Obligation Bonds; Appropriation ($)
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/20/2015