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HI HB2063
Bill
Status
1/25/2016
Primary Sponsor
Mark Nakashima
Click for details
AI Summary
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Department of Budget and Finance is authorized to issue special purpose revenue bonds under Hawaii Revised Statutes chapter 39A, part V to assist Keahole Management Group LLC, a Hawaii corporation.
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Bond proceeds may be used for planning, designing, constructing, and equipping facilities for manufacturing and processing of value-added agricultural products and similar items.
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The legislature determines that this project qualifies as industrial enterprise assistance under state law.
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Department is authorized to issue refunding bonds after June 30, 2021 to refinance the original bonds, subject to federal tax exemption requirements.
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Authorization to issue bonds expires on June 30, 2021, and the Act takes effect on February 19, 2022.
Legislative Description
Special Purpose Revenue Bonds; Keahole Management Group LLC ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Tupola voting aye with reservations; Representative(s) McDermott voting no (1) and Representative(s) Luke, Nakashima, Souki excused (3).
2/18/2016