Special Purpose Revenue Bonds Hawaii

Authorizing the issuance of special purpose revenue bonds for hawaii renewable resources llc authorizes the issuance of special purpose revenue bonds in the amount of 30 000 000 to assist hawaii renewable resources llc with the development of facilities for food crop animal feed and renewable non fossil fuel production on o ahu.

Special purpose revenue bonds hawaii. 1628 authorizes the issuance ofup to 100 000 000 in special purpose revenue bonds to assist bioenergy hawaii llc ora partnership in which bioenergy hawaii llc is a general partner with the establishment ofcogeneration and related energy production facilities pursuant to part v chapter 39a hawaii revised statutes. Special purpose revenue bonds allow the state to offer financing to help private capital improvement projects that are considered to be in the public interest. Your committee finds that these special purpose revenue bonds are issued pursuant to act 257 session laws of hawaii 2002 relating to the issuance of special purpose revenue bonds to assist not for profit private nonsectarian and sectarian elementary schools secondary schools colleges and universities that serve the general public. The bonds aren t state money and are bought by private investors according to the state department of budget and finance.

The hawaii special purpose revenue bonds amendment 13 also known as amendment 13 was on the ballot in hawaii on november 7 1978 as a convention referred constitutional amendment. Under the constitution special purpose revenue bonds shall only be authorized or issued to finance facilities of or for or to loan the proceeds of such bonds to assist manufacturing processing or industrial enterprises certain not for profit private schools utilities serving the general public health care facilities provided to the general public by not for profit corporations early childhood education and care facilities provided to the general public by not for profit. Means the body council or board charged with exercising the legislative authority of a county. The amendment proposed two new additions to the constitution.

2 special purpose revenue bonds intending to encourage eb 5 3 investments should receive high priority. The bonds aren t state money and are. See hawaii revised statutes 48e 1. Means bonds notes or other evidences of indebtedness of a county issued pursuant to this chapter.

Article vii sections 12 and 13. 4 therefore the legislature finds and declares that the 5 issuance of special purpose revenue bonds under this act is in 6 the public interest and for the public health safety and 7 general welfare. Special purpose revenue bonds sprbs are a type of municipal revenue bond authorized by hawaii s legislature that can be issued by the state to provide loan financing to assist qualifying private capital improvement projects for example certain hospital or school construction in the public interest. See hawaii revised statutes 48e 1.