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HI SB652

Bill

Official Source

Status

Engrossed

3/5/2019

Primary Sponsor

Lorraine Inouye

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist Keahole FBO I LLC, a Hawaii corporation, for aviation facilities at Ellison Onizuka Kona International Airport at Keahole.

  • Bonds may be issued for planning, designing, constructing, equipping, and operating facilities for aviation and aviation-related services.

  • The bond amount is not specified in the bill text (blank space where dollar amount should appear).

  • Authorizes the department to issue refunding bonds after June 30, 2024, provided they comply with federal tax exemption requirements.

  • Authorization to issue bonds expires on June 30, 2024; the Act takes effect on July 1, 2050.

Legislative Description

Relating To Special Purpose Revenue Bonds To Assist Keahole Fbo I Llc.

Special Purpose Revenue Bonds

Last Action

Conference committee meeting to reconvene on 04-26-19 1:30PM in conference room 225.

4/26/2019

Committee Referrals

Finance3/20/2019
Transportation3/7/2019
Ways and Means2/13/2019
Transportation1/24/2019

Full Bill Text

No bill text available