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HI HB1355
Bill
Status
1/25/2017
Primary Sponsor
Joseph Souki
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 Maui All Natural Alternative, LLC with development of a sludge processing and renewable energy project at the Wailuku-Kahului wastewater reclamation facility on Maui.
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Project will convert municipal sludge into reusable products and generate clean renewable energy from crops grown on approximately 500 acres of former sugar cane land in central Maui.
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Expected benefits include reduction of up to 6,800 tons of greenhouse gas emissions annually, processing of up to 24,000 tons of sewage sludge, and creation of 10-15 permanent jobs initially with potential for up to 200 jobs.
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Bonds may be refunded at any time after issuance, including after June 30, 2022, as determined necessary by the Department of Budget and Finance.
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Authorization to issue bonds lapses on June 30, 2022; Act takes effect on January 28, 2081.
Legislative Description
Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Maui All Natural Alternative, Llc.
Renewable Energy
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) DeCoite, Holt, Souki excused (3).
2/16/2017