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HI HB535

Bill

Official Source

Status

Introduced

1/22/2019

Primary Sponsor

Mark Nakashima

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Department of Budget and Finance authorized to issue special purpose revenue bonds under Hawaii Revised Statutes chapter 39A, part V to assist Pearl Harbor Floating Drydock, LLC (principal amount not specified in bill text)

  • Bonds shall finance construction of a purpose-built floating drydock at Pearl Harbor to service submarines and surface ships

  • Legislature determines the floating drydock project qualifies as an industrial enterprise project eligible for special purpose revenue bond financing

  • Department authorized to issue refunding bonds after June 30, 2024 to refund any outstanding special purpose revenue bonds issued under this Act

  • Authorization to issue bonds lapses on June 30, 2024

Legislative Description

Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Pearl Harbor Floating Drydock, Llc.

Special Purpose Revenue Bonds

Last Action

Carried over to 2020 Regular Session.

12/1/2019

Committee Referrals

Finance2/8/2019
Economic Development & Business1/22/2019

Full Bill Text

No bill text available