HI HB943

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not exceeding $100,000,000 to assist Honoka'a Land Company, LLC with acquiring, developing, and renovating agricultural facilities.

Funded projects include rebuilding structures for a soil and earth products business at Haina Mill, purchasing an agriculture consulting and research and development firm, acquiring or building organic dairies, green and renewable energy initiatives, and developing agricultural employee housing.

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

Authorization to issue bonds expires on June 30, 2028.

Act takes effect on June 30, 3000.