HI HB1329

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds (SPRBs) under Hawaii Revised Statutes Chapter 39A, Part V for four separate Paradise Ohana entities.

Part I authorizes SPRBs for Paradise Ohana Automotive Training & Education, LLC to assist with planning, design, and construction of an automotive training facility in Hawaii.

Part II authorizes SPRBs for Paradise Ohana Automotive Technologies, LLC to assist with planning, design, and construction of a manufacturing and industrial facility on a portion of a 400+ acre facility in west Oahu.

Part III authorizes SPRBs for Paradise Ohana Automotive Discovery Center, LLC to assist with development of an education facility in west Oahu.

Part IV authorizes SPRBs for Paradise Ohana Motorsports Center, LLC to assist with plans and construction of a motorsports center; all bond authorizations lapse on June 30, 2020, and the act takes effect July 1, 2030.