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HI HB2198
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 not exceeding $850,285 for West Maui Investors, LLC.
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Bonds will finance permits, testing, construction, and post-construction management for Ukumehame reservoir numbers two and three.
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Issuance is authorized under Act 147, Session Laws of Hawaii 2012, which governs special purpose revenue bonds for dam and reservoir owners.
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Department may issue refunding bonds after June 30, 2021, to refinance the original bonds or any subsequent refunding bonds.
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Authorization to issue bonds lapses on June 30, 2021, and the Act takes effect on July 1, 2016.
Legislative Description
Special Purpose Revenue Bonds; Dam and Reservoir Owners; West Maui Investors, LLC ($)
Last Action
Act 252, on 07/12/2016 (Gov. Msg. No. 1361).
7/13/2016