Loading chat...
HI SB1440
Bill
AI Summary
-
Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not exceeding $100,000,000 to assist Trevi Systems, Inc. or Kona Coast Water LLC.
-
Bonds will fund planning, designing, construction, equipping, land leases, and other assets for two or more desalination plants using 100 percent renewable solar energy on Hawaii island and potentially other islands.
-
Plants will be accompanied by solar power plants providing 100 percent renewable thermal energy and fully dispatchable power.
-
Department is authorized to issue refunding bonds after June 30, 2024, to refinance the original special purpose revenue bonds.
-
Authorization to issue bonds lapses on June 30, 2024; Act takes effect July 1, 2019.
Legislative Description
Relating To Special Purpose Revenue Bonds For Trevi Systems, Inc., Or Its Related Entity, Kona Coast Water Llc.
Appropriation ($)
Last Action
Act 052, 06/07/2019 (Gov. Msg. No. 1153).
6/12/2019