HI SB2301

Authorizes the department of budget and finance to issue special purpose revenue bonds to assist Keahole Management Group LLC, a Hawaii limited liability company.

Bond proceeds may be used for planning, designing, constructing, and equipping facilities for manufacturing and processing products, including value-added agricultural products.

Authorization to issue bonds expires on June 30, 2021, though the department may refund previously issued bonds after that date until June 30, 2021.

Bonds are issued under part IV, chapter 39A of Hawaii Revised Statutes, which governs special purpose revenue bonds for processing enterprises.

Act takes effect on February 19, 2022.