HI SB579

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist House of Aloha Enterprises LLC with planning, designing, constructing, and equipping facilities in Hawaii.

Bond proceeds support manufacturing, processing, and distribution of value-added agricultural products, advanced materials, sustainable products, and fine art products.

Department may issue refunding bonds after June 30, 2026, to refinance the authorized special purpose revenue bonds in compliance with federal tax-exempt bond requirements.

Authorization to issue special purpose revenue bonds expires on June 30, 2026.

Act takes effect on July 1, 2050 (note: the specific bond amount authorized is left blank in the bill text).