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HI SB2369
Bill
Status
3/10/2016
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 to assist Hawaii Renewable Resources, LLC with developing a renewable natural gas production facility on Maui.
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The facility will produce renewable natural gas, electricity, recovered organic composts, and recovered irrigation water from energy crops and recovered food and agricultural resources.
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Bond issuance amount is not specified in the bill text (blank dollar amount).
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The Department of Budget and Finance is authorized to issue refunding bonds after June 30, 2021 to refinance the original bonds, subject to federal tax exemption requirements.
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Authorization to issue bonds under this Act lapses on June 30, 2021, and the Act takes effect July 1, 2016.
Legislative Description
Special Purpose Revenue Bonds; Natural Gas Production Facility; Renewable Energy; Hawaii Renewable Resources, LLC; Maui ($)
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