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HI HB2059
Bill
Status
7/13/2016
Primary Sponsor
Ryan Yamane
Click for details
AI Summary
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Authorizes the department of budget and finance to issue special purpose revenue bonds in an amount not to exceed $5,570,250 for RCFC Kehalani, LLC, a Delaware limited liability company.
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Bond proceeds will finance consultant work, permits, and construction for Kehalani offsite retention basin improvement work.
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Financing is authorized under Act 147, Session Laws of Hawaii 2012, which provides assistance to dam and reservoir owners.
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Department is authorized to issue refunding bonds after June 30, 2021, to refinance the original bonds, provided compliance with federal tax law requirements.
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Authorization to issue bonds expires on June 30, 2021; Act takes effect on July 1, 2016.
Legislative Description
Special Purpose Revenue Bonds; Dam and Reservoir Owners; RCFC Kehalani, LLC ($)
Last Action
Act 254, on 07/12/2016 (Gov. Msg. No. 1363).
7/13/2016