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HI HB1982
Bill
Status
7/13/2016
Primary Sponsor
Cindy Evans
Click for details
AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not to exceed $10,000,000 to assist Big Island Dairy LLC with operating its dairy farm in Ookala.
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Designates Big Island Dairy LLC's dairy farm operation as an agricultural enterprise project eligible for financing under part X, chapter 39A, Hawaii Revised Statutes.
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Permits the department to issue refunding bonds subsequent to June 30, 2021, to refinance the authorized bonds in compliance with federal tax exemption requirements.
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Authorization to issue special purpose revenue bonds lapses on June 30, 2021.
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Effective July 1, 2016.
Legislative Description
Special Purpose Revenue Bonds; Agriculture; Big Island Dairy LLC ($)
Last Action
Act 255, on 07/12/2016 (Gov. Msg. No. 1364).
7/13/2016