HI HB2093

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $20,000,000 for Goodwill Industries of Hawaii, Inc. and its not-for-profit affiliates.

Bond proceeds may finance planning, acquisition, and construction of facilities including warehouses, classrooms, administrative offices, retail outlets, and training facilities.

Authorized uses also include renovation of existing facilities, acquisition of equipment and furnishings, purchase of land and improvements, installation of information technology, and other capital improvement projects.

The Department may issue refunding bonds subsequent to June 30, 2021, to refinance the original bonds, subject to federal tax exemption requirements.

Authorization to issue bonds lapses on June 30, 2021; Act becomes effective July 1, 2016.