HI SB652

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

Bond issuance amount is not specified in the bill text (blank space where dollar amount should appear).

Bonds issued under this Act must comply with part V, chapter 39A of Hawaii Revised Statutes relating to special purpose revenue bonds for industrial enterprises.

Department is authorized to issue refunding bonds after June 30, 2024 to refinance the original bonds, provided compliance with federal tax-exemption laws.

Authorization to issue bonds lapses on June 30, 2024; Act becomes effective July 1, 2050.