HI HB691

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not to exceed $100,000,000 to assist Kohala Mountain Fish Company, LLC, a Hawaii domestic limited liability corporation.

Bonds will finance The Village project, a diversified agricultural park and processing facility on Hawaii island for producing, packaging, cooking, and freezing agricultural products for local consumption and export.

The Village project will train and support new families interested in farming operations, create additional jobs, and provide workforce housing.

Authorization to issue bonds lapses on June 30, 2028, though the department may issue refunding bonds after that date to refinance outstanding bonds.

Act takes effect on June 30, 3000.