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HI HB1455

Bill

Official Source

Status

Introduced

1/25/2023

Primary Sponsor

Scott Saiki

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Reauthorizes the issuance of special purpose revenue bonds to assist MauiGrown Coffee, Inc., a Hawaii corporation, with the expanded operation of its coffee farm and mill in Puukolii, Maui
  • 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
  • Extends the authorization period until June 30, 2028 (the previous authorization under Act 116, Session Laws of Hawaii 2017 lapsed on June 30, 2022)
  • Permits the Department of Budget and Finance to issue refunding bonds after June 30, 2028 to refund outstanding bonds issued under this Act, subject to federal tax exemption requirements
  • Takes effect on July 1, 2023

Legislative Description

Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Mauigrown Coffee, Inc.

Special Purpose Revenue Bonds

Last Action

Carried over to 2024 Regular Session.

12/11/2023

Committee Referrals

Agriculture1/30/2023

Full Bill Text

No bill text available