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HI SB2277
Bill
Status
3/8/2016
Primary Sponsor
Suzanne Chun Oakland
Click for details
AI Summary
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Department of Budget and Finance is authorized to issue special purpose revenue bonds in an unspecified amount to assist Goodwill Industries of Hawaii, Inc. and its not-for-profit affiliates.
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Bond proceeds may finance planning, acquisition, construction, renovation, and equipment purchases for warehouse, classroom, administrative office, retail outlet, and training facilities for Goodwill Industries.
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Bonds may also cover costs for land acquisition, improvements, information technology, and other capital-related projects related to Goodwill's industrial enterprise activities in Hawaii.
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Authorization to issue bonds lapses on June 30, 2021, though the Department of Budget and Finance may issue refunding bonds after that date through 2021.
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Act takes effect July 1, 2016.
Legislative Description
Special Purpose Revenue Bonds; Goodwill Industries of Hawaii, Inc. ($)
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) Kawakami, Kong, Oshiro, Tokioka, Tupola, Woodson excused (6).
3/24/2016