HI HB943

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $100,000,000 to assist Honokaa Land Company, LLC with acquiring, developing, and renovating agricultural facilities.

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

Bonds may be issued in one or more series and refunded at any time, including after June 30, 2028, in compliance with federal tax law requirements.

Authorization to issue bonds lapses on June 30, 2028.

Act takes effect on June 30, 3000.