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HI HB1255
Bill
Status
6/13/2023
Primary Sponsor
Elle Cochran
Click for details
AI Summary
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Authorizes the issuance of special purpose revenue bonds in an amount not to exceed $20,000,000 to assist West Maui Hospital Foundation, Inc. with financing design, construction, equipment, and infrastructure for West Maui Hospital and Medical Center in Maui County.
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Requires the County of Maui to serve as guarantor of any debt service on the special purpose revenue bonds issued under this Act.
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Permits the Department of Budget and Finance to issue refunding special purpose revenue bonds after June 30, 2028, to refinance the original bonds in compliance with federal tax-exemption requirements.
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Authorization to issue bonds lapses on June 30, 2028.
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Takes effect on June 30, 3000.
Legislative Description
Relating To Special Purpose Revenue Bonds.
SPRBs
Last Action
Act 073, 06/13/2023 (Gov. Msg. No. 1173).
6/13/2023