HI HB1455

Reauthorizes the issuance of special purpose revenue bonds to assist MauiGrown Coffee, Inc., a Hawaii corporation, with its coffee farm and mill operations in Puukolii, Maui, after the previous authorization lapsed on June 30, 2022.

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds in a total amount not to exceed $30,000,000 in one or more series for the expansion project.

Designates the coffee farm and mill expansion as an agricultural enterprise project eligible for financing under part X, chapter 39A, Hawaii Revised Statutes.

Authorizes refunding of the special purpose revenue bonds issued under this Act at any time, including after June 30, 2028, subject to federal tax-exemption requirements.

Sets the authorization to issue bonds to expire on June 30, 2028, and provides an effective date of July 1, 2023.