HI SB619

Extends the authorization deadline for the Department of Budget and Finance to issue special purpose revenue bonds for seawater air conditioning projects on Oahu from June 28, 2015 to June 30, 2020.

Allows the department to issue bonds to refund previously authorized special purpose revenue bonds related to the Honolulu Seawater Air Conditioning LLC project.

Requires the department to comply with federal law regarding the exemption from federal income taxation of bond interest when issuing these bonds.

The authorization to issue bonds under this Act expires on June 30, 2020.

Takes effect on June 27, 2015.