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HI HB204

Bill

Status

Engrossed

3/1/2019

Primary Sponsor

Nicole Lowen

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Authorizes the department of budget and finance to issue special purpose revenue bonds not exceeding $100,000,000 to assist Kona Coast Water, LLC in financing solar thermal desalination facilities using renewable energy

  • Covers costs for planning, design, construction, equipment, land acquisition, easements, and other tangible assets for the solar thermal water desalination project

  • Permits the department to issue refunding bonds after June 30, 2024 to refinance the authorized bonds, provided federal tax-exemption requirements are met

  • Authorization to issue new special purpose revenue bonds expires on June 30, 2024

  • Act takes effect July 1, 2100

Legislative Description

Relating To The Issuance Of Special Purpose Revenue Bonds To Assist An Industrial Enterprise.

Special Purpose Revenue Bonds

Last Action

Referred to WAM.

3/5/2019

Committee Referrals

Ways and Means3/5/2019
Finance2/15/2019
Energy & Environmental Protection1/22/2019

Full Bill Text

No bill text available