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HI HB2238
Bill
Status
1/27/2016
Primary Sponsor
Chris Lee
Click for details
AI Summary
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Department of Budget and Finance is authorized to issue special purpose revenue bonds (amount not specified in text) to assist Hawaii Renewable Resources, LLC with establishing a renewable natural gas production facility on Maui.
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The facility will produce renewable natural gas, electricity, carbon dioxide, organic composts, and recovered irrigation water from food and agricultural crop resources.
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Bonds will be issued pursuant to part V, chapter 39A, Hawaii Revised Statutes, relating to special purpose revenue bonds for industrial enterprises.
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Department may issue refunding bonds after June 30, 2021 to refinance the authorized bonds, subject to federal tax exemption requirements.
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Authorization to issue bonds lapses on June 30, 2021, and the Act takes effect July 1, 2016.
Legislative Description
Special Purpose Revenue Bonds; Natural Gas Production Facility; Renewable Energy; Hawaii Renewable Resources, LLC; Maui ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Luke, Nakashima, Souki excused (3).
2/18/2016