HI SB1457

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds up to $100,000,000 to assist Kohala Mountain Fish Company, LLC in establishing The Village project on the island of Hawaii.

The Village project will operate as a diversified agricultural park and processing facility that produces, packages, cooks, and freezes agricultural products year-round for local consumption and value-added export.

The project will provide training and support to families interested in expanding farming operations and will create jobs and workforce housing.

Special purpose revenue bonds can be refunded at any time, including after June 30, 2028, in compliance with federal tax exemption requirements.

Authorization to issue bonds under this Act expires on June 30, 2028; Act takes effect on July 1, 2050.