Authorizes issuance of special purpose revenue bonds to assist Fenix Space, Inc. in building facilities.

Hawaii HB1608 authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist Fenix Space, Inc. in building facilities. The bonds can be used for the planning, design, procurement, and construction of a Fenix launch platform system and a flight operations facility at Hilo International Airport. The bonds can be issued up to a total amount of $40,000,000 and must comply with federal law regarding the exemption from federal income taxation of the interest on bonds. The authorization lapses on June 30, 2031.

Authorizes issuance of special purpose revenue bonds to assist Fenix Space, Inc. in building facilities.

Hawaii HB1608 authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist Fenix Space, Inc. in building facilities. The bonds can be used for the planning, design, procurement, and construction of a Fenix launch platform system and a flight operations facility at Hilo International Airport. The bonds can be issued up to a total amount of $40,000,000 and must comply with federal law regarding the exemption from federal income taxation of the interest on bonds. The authorization lapses on June 30, 2031.