SB1475

Hawaii SB1475 amends the powers of the department to include issuing special facility revenue bonds for maritime operations.

Hawaii SB1475 amends Section 266-52 of the Hawaii Revised Statutes to expand the powers of the department. The bill allows the department, with the governor's approval, to enter into special facility leases for maritime operations, issue special facility revenue bonds, and perform terms of these leases. The total principal amount of these bonds is capped at $600,000,000. The department can also issue special facility revenue refunding bonds without further legislative authorization.