HI HB2233

Authorizes the Hawaii Technology Development Corporation to issue special purpose revenue bonds to finance development of a geothermal industrial park near new or existing geothermal power sources.

Grants the corporation authority to purchase land and exercise eminent domain under Hawaii Revised Statutes chapter 101 to acquire property near geothermal sources for the industrial park.

Permits the corporation to issue refunding bonds at any time after July 1, 2018, in whatever amounts necessary to refund previously issued bonds, provided compliance with federal tax exemption requirements.

Authorizes special purpose revenue bonds issued under this Act to assist energy-intensive industries engaged in commerce.

Authorization to issue special purpose revenue bonds under this Act lapses on June 30, 2023, with the Act taking effect July 1, 2018.