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HI HB1798
Bill
Status
6/27/2022
Primary Sponsor
Ryan Yamane
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AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $750,000,000 in total to assist The Queen's Health Systems, a Hawaii nonprofit corporation.
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Bond proceeds may be used for construction, renovation, equipment acquisition, land/asset acquisition, information systems installation, and other related health care facility projects.
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Department is authorized to issue refunding bonds after June 30, 2027, to refinance the authorized bonds in compliance with federal tax-exemption requirements.
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Authorization to issue special purpose revenue bonds under this Act expires on June 30, 2027.
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Effective date is July 1, 2022.
Legislative Description
Relating To Special Purpose Revenue Bonds For Assisting Not-for-profit Corporations That Provide Health Care Facilities To The General Public.
Special Purpose Revenue Bonds
Last Action
Act 196, on 06/27/2022 (Gov. Msg. No. 1297).
6/27/2022