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HI HB1682

Bill

Status

Engrossed

3/4/2022

Primary Sponsor

John Mizuno

Click for details

Origin

House of Representatives

2022 Regular Session

AI Summary

  • Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist Next Level Solutions Group Inc. in developing a waste-to-energy facility in Hawaii.

  • Establishes that waste-to-energy technology development qualifies as an industrial enterprise project under Part V, Chapter 39A of the Hawaii Revised Statutes.

  • Allows the Department to issue refunding bonds after June 30, 2027, in compliance with federal tax exemption requirements for bond interest.

  • Authorization to issue bonds under this Act expires on June 30, 2027.

  • Act takes effect July 1, 2100 (note: bond amount not specified in bill text).

Legislative Description

Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Next Level Solutions Group Inc.

Special Purpose Revenue Bonds

Last Action

Received notice of Senate conferees (Sen. Com. No. 889).

4/21/2022

Committee Referrals

Ways and Means3/24/2022
Agriculture and Environment3/11/2022
Finance2/17/2022
Energy & Environmental Protection1/26/2022

Full Bill Text

No bill text available