Loading chat...
HI SB985
Bill
Status
6/12/2019
Primary Sponsor
Michelle Kidani
Click for details
AI Summary
-
Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not exceeding $60,000,000 to assist Pearl Harbor Floating Drydock, LLC with constructing a floating drydock at Pearl Harbor.
-
The floating drydock will be used to service submarines and surface ships.
-
Bonds may be issued in one or more series pursuant to Hawaii Revised Statutes part V, chapter 39A, for assistance to industrial enterprises.
-
Department is authorized to issue refunding bonds after June 30, 2024, in compliance with federal tax-exemption requirements.
-
Authorization to issue bonds lapses on June 30, 2024, and the Act takes effect July 1, 2019.
Legislative Description
Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Pearl Harbor Floating Drydock, Llc.
Special Purpose Revenue Bonds
Last Action
Act 045, 06/07/2019 (Gov. Msg. No. 1146).
6/12/2019