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HI HB801
Bill
Status
6/23/2016
Primary Sponsor
Ken Ito
Click for details
AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not exceeding $50,000,000 to assist SunStrong LLC in providing renewable electric energy and installing renewable energy projects in Hawaii.
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Bonds shall be issued under part V, chapter 39A of Hawaii Revised Statutes for assistance to an industrial enterprise engaged in renewable energy development.
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The department may issue refunding bonds after June 30, 2021, to refinance the original bonds, subject to federal tax exemption requirements.
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Authorization to issue bonds under this Act expires on June 30, 2021.
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Act takes effect on July 1, 2016.
Legislative Description
Special Purpose Revenue Bonds; SunStrong LLC; Renewable Energy Developer ($)
Last Action
Act 116, 06/22/2016 (Gov. Msg. No. 1217).
6/23/2016