Bill Text: HI HB241 | 2015 | Regular Session | Introduced
Bill Title: SPRB; Honolulu Seawater Air Conditioning LLC ($)
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2015-06-01 - Act 074, 05/29/2015 (Gov. Msg. No. 1174). [HB241 Detail]
Download: Hawaii-2015-HB241-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
241 |
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TWENTY-EIGHTH LEGISLATURE, 2015 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to special purpose revenue bonds to assist seawater air conditioning projects on oahu.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Act 79, Session Laws of Hawaii 2005, as amended by section 1 of Act 80, Session Laws of Hawaii 2010, is amended by amending sections 4 and 5 to read as follows:
"SECTION 4. The department of budget and
finance is authorized, from time to time, including times subsequent to [June
28, 2015,] June 30, 2020, to issue special purpose revenue bonds in
whatever principal amounts the department shall determine to be necessary to
refund the special purpose revenue bonds authorized in section 2 and to refund
special purpose revenue bonds authorized in this section, regardless of whether
the outstanding special purpose revenue bonds or refunding special purpose
revenue bonds have matured or are the subject of redemption or whether the
refunding special purpose revenue bonds shall be bonds for the multi-project programs
described in section 2.
In making this determination, the department shall comply with federal law relating to the exemption from federal income taxation of the interest on bonds of the nature authorized by this section.
SECTION 5.
The authorization to issue special purpose revenue bonds under this Act
shall lapse on [June 28, 2015.] June 30, 2020."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on June 27, 2015.
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INTRODUCED BY: |
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Report Title:
SPRB; Honolulu Seawater Air Conditioning LLC
Description:
Extends the authorization to issue special purpose revenue bonds for Honolulu Seawater Air Conditioning LLC.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
