HI SB1047

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist Pelatron Q, LLC in developing waste-to-energy power plants using plasma gasification and vitrification technology in Hawaii.

Waste-to-energy facilities will convert municipal solid waste, construction debris, green waste, and other materials into approximately 6-8 megawatts of renewable electricity per plant for sale to electric utilities or government agencies.

Establishes that waste-to-energy plants qualify as industrial enterprise projects under Hawaii Revised Statutes chapter 39A, part V, making them eligible for special purpose revenue bond financing.

Bond proceeds may be used to refund previously issued bonds through June 30, 2020, subject to federal tax-exempt bond requirements.

Authorization to issue bonds expires June 30, 2020; Act takes effect July 1, 2015.