HI HB706

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $12,000,000 to assist Wahiawa General Hospital with debt consolidation and liquidation.

Bonds may be issued in one or more series pursuant to part II, chapter 39A of the Hawaii Revised Statutes for health care facility financing.

Allows the Department to issue refunding bonds after June 30, 2021 in amounts necessary to refund the authorized bonds, subject to federal tax exemption requirements.

Authorization to issue bonds lapses on June 30, 2026.

Act takes effect on July 1, 2060.