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HI HB2203
Bill
Status
1/26/2022
Primary Sponsor
Lisa Marten
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AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist DIBSHawaii LLC in constructing a carbon capture storage utilization platform that recovers vented carbon dioxide and converts it into food-grade liquid carbon dioxide.
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Requires 75 percent of repurposed carbon dioxide be dedicated to agriculture and energy uses, with 25 percent designated for Department of Defense applications including renewable jet fuel production and concrete mineralization for state projects.
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Allows the department to issue refunding bonds after June 30, 2027 to refinance the authorized bonds in compliance with federal tax exemption laws.
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Authorization to issue bonds lapses on June 30, 2027.
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The Act becomes effective July 1, 2100 (note: bond issuance authorization period ends in 2027, but act effective date is 2100).
Legislative Description
Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Dibshawaii Llc.
Special Purpose Revenue Bonds
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and none excused (0).
2/17/2022