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HI HB1230

Bill

Official Source

Status

Passed

7/11/2017

Primary Sponsor

Angus McKelvey

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $13,000,000 to assist MauiGrown Coffee, Inc. with expansion of its coffee farm and mill in Puukolii, Maui.

  • Bonds will be issued pursuant to part X, chapter 39A, Hawaii Revised Statutes, which covers financing for agricultural enterprises.

  • MauiGrown Coffee, Inc. plans to expand operations by leasing land formerly used for sugar cane cultivation in the Haliimaile area, creating well-paying agricultural jobs for displaced sugar industry workers.

  • Department of Budget and Finance is authorized to issue refunding bonds after June 30, 2022, to refund outstanding bonds under this Act.

  • Authorization to issue special purpose revenue bonds under this Act expires on June 30, 2022; Act takes effect on July 1, 2017.

Legislative Description

Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Mauigrown Coffee, Inc.

Special Purpose Revenue Bonds

Last Action

Act 116, on 07/10/2017 (Gov. Msg. No. 1217).

7/11/2017

Committee Referrals

Ways and Means3/21/2017
Agriculture and Environment3/9/2017
Finance2/14/2017
Agriculture1/30/2017

Full Bill Text

No bill text available