HI SB2331

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

Bonds may be issued in one or more series pursuant to part V, chapter 39A, Hawaii Revised Statutes, with specific bond amount left blank in the bill text.

Authorizes the Department to issue refunding bonds after June 30, 2025, in whatever principal amounts necessary to refund the original bonds, provided compliance with federal tax exemption law.

Authorization to issue special purpose revenue bonds lapses on June 30, 2025.

Takes effect on July 1, 2050.