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HI SB1547
Bill
Status
2/28/2025
Primary Sponsor
Mike Gabbard
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AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist Aloun Kauai Farming LLC, a Hawaii limited liability company, for planning, design, construction, and maintenance of an integrated dairy facility.
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Bond authorization period runs from July 1, 2025, through December 31, 2028, with allocation of annual state ceiling under Hawaii Revised Statutes section 39B-2.
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Authorizes the department to issue refunding bonds after June 30, 2030, to refinance the original special purpose revenue bonds, subject to federal tax exemption requirements.
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Authorization to issue bonds lapses on June 30, 2030.
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Act takes effect on July 1, 3000 (note: effective date appears to contain a typographical error).
Legislative Description
Relating To Special Purpose Revenue Bonds To Assist Aloun Kauai Farming, An Agricultural Enterprise, In The Finance, Operation, And Maintenance Of A Project To Revitalize The Dairy Industry.
SPRB
Last Action
Conference Committee Meeting will reconvene on Friday, 04-25-25 2:40 PM; Conference Room 411.
4/25/2025