HI SB1547

Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist Aloun Kauai Farming LLC, a Hawaii limited liability company, with planning, design, construction, and maintenance of an integrated dairy facility

Bond issuance requires allocation of the annual state ceiling for the period July 1, 2025, through December 31, 2028

The total bond amount is left blank (to be determined), with the authorization to issue bonds in one or more series

Permits refunding bonds to be issued at any time, including after June 30, 2030, to refinance the original special purpose revenue bonds

Authorization to issue special purpose revenue bonds lapses on June 30, 2030, with an effective date of July 1, 3000 (placeholder date indicating bill requires further action)