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HI SB1297
Bill
AI Summary
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Extends the authorization for the Department of Budget and Finance to issue special purpose revenue bonds to assist MauiGrown Coffee, Inc. with operations and expansion of its coffee farm and mill in Puukolii, Maui.
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Changes the lapse date for the bond issuance authorization from June 30, 2022 to June 30, 2025, extending the deadline by three years.
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Amends sections 4 and 5 of Act 116, Session Laws of Hawaii 2017, to reflect the new lapse date while maintaining compliance with federal tax-exemption requirements for bond interest.
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Allows the department to continue issuing and refunding special purpose revenue bonds under this program through June 30, 2025.
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Takes effect on July 1, 2022.
Legislative Description
Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Mauigrown Coffee, Inc.
Special Purpose Revenue Bonds
Last Action
Notice of intent to veto (Gov. Msg. No. 1216)
6/27/2022