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HI SB2609

Bill

Official Source

Status

Engrossed

3/8/2022

Primary Sponsor

Jarrett Keohokalole

Click for details

Origin

Senate

2022 Regular Session

AI Summary

  • Authorizes the Department of Budget and Finance to issue special purpose revenue bonds for The Queen's Health Systems, a Hawaii nonprofit corporation, and its nonprofit affiliates to finance health care facility projects.

  • Bond proceeds may be used for renovation of existing facilities, construction of new facilities, acquisition of equipment and land, installation of information systems and technology, and related projects.

  • Bond issuance authority lapses on June 30, 2027.

  • Allows the Department to issue refunding bonds at any time after June 30, 2027 to refinance the original bonds, provided it complies with federal tax-exempt bond requirements.

  • Act takes effect on July 1, 2050.

Legislative Description

Relating To Special Purpose Revenue Bonds For Nonprofit Corporations That Provide Health Care Facilities To The General Public.

Special Purpose Revenue Bond

Last Action

Referred to HHH, FIN, referral sheet 24

3/10/2022

Committee Referrals

Health, Human Services, & Homelessness3/10/2022
Ways and Means2/11/2022
Health1/24/2022

Full Bill Text

No bill text available