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HI SB2368
Bill
Status
1/22/2016
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 not exceeding $63,000,000 to assist Pelatron Power Evolution LLC with developing renewable energy power plants in Hawaii.
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Bonds may be issued for Pelatron Power Evolution LLC or any firm in which it is a general partner, focusing on waste-to-energy power plants using gasification technology.
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Establishes that waste-to-energy power plants constitute an industrial enterprise project eligible for financing under Hawaii Revised Statutes Part V, Chapter 39A.
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Permits the Department to issue refunding bonds after 2021 to refinance outstanding special purpose revenue bonds issued under this Act.
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Authorization to issue bonds expires on June 30, 2021, with the Act taking effect July 1, 2016.
Legislative Description
Special Purpose Revenue Bonds; Pelatron Power Evolution LLC; Waste-to-Energy Power; Appropriation ($)
Last Action
The committee on TRE deferred the measure.
2/17/2016