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HI SB2367
Bill
Status
3/4/2016
Primary Sponsor
Lorraine Inouye
Click for details
AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds (amount not specified in text) to assist Hawaii Renewable Resources, LLC with establishing food production, animal feed, energy production, and waste recovery facilities on approximately 90 acres on central Oahu.
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Proposed facility will include a material reprocessing facility for organic and food waste, anaerobic digester system, renewable natural gas production equipment, FDA-certified animal feed production, compost production, greenhouse hydroponic farming, solar electricity generation, and water recovery systems.
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Bonds will be issued pursuant to part V, chapter 39A of Hawaii Revised Statutes for industrial enterprise assistance without investment or operational risk to the State or counties.
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Department of Budget and Finance authorized to issue refunding bonds after June 30, 2021, to refinance the original bonds issued under this Act.
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Authorization to issue bonds lapses on June 30, 2021; Act takes effect on July 1, 2050.
Legislative Description
Special Purpose Revenue Bonds; Food Crop Production; Animal Feed Production; Renewable Energy; Hawaii Renewable Resources, LLC; Oahu ($)
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) Har, Kawakami, Kong, Luke, Rhoads, Say, Tokioka excused (7).
3/21/2016