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HI HB535
Bill
Status
1/22/2019
Primary Sponsor
Mark Nakashima
Click for details
AI Summary
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Department of Budget and Finance authorized to issue special purpose revenue bonds under Hawaii Revised Statutes Part V, Chapter 39A to assist Pearl Harbor Floating Drydock, LLC with construction of a floating drydock at Pearl Harbor for servicing submarines and surface ships.
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Bond amount not specified in bill text (blank space where amount should appear).
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Authorization includes refunding authority for issued bonds and any future refunding bonds, with compliance required to federal tax-exemption requirements.
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Authorization to issue bonds lapses on June 30, 2024.
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Act effective date listed as July 1, 2112 (likely a drafting error).
Legislative Description
Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Pearl Harbor Floating Drydock, Llc.
Special Purpose Revenue Bonds
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) Cabanilla Arakawa, Nakamura, Thielen excused (3).
2/8/2019