HI HB691

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not exceeding $100,000,000 to assist Kohala Mountain Fish Company, LLC with establishing The Village project on Hawaii island.

The Village project is a diversified agricultural park and processing facility designed to produce, package, cook, and freeze agricultural products year-round for local consumption and value-added export.

The project will provide training, supervision, and support to new farming families while creating jobs and workforce housing.

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

Department must comply with federal law regarding tax-exempt bond interest in determining bond issuance amounts.