HRS §39A-170
Project parties must estimate bond benefits
Each project party with a project agreement must estimate the benefits from special purpose revenue bonds, based on new jobs and tax effects. The department sets a uniform format and method. The department must make these estimates public and adopt rules for this process.
businessesstate agencies
The statute, as written — ‑170 Estimate of benefits
(a) Each project party with a project agreement with the department shall estimate the benefits derived from the use of the proceeds of special purpose revenue bonds. The benefits estimated shall be based on the creation of new jobs and potential effect on tax receipts. The format of and method for determining the estimates shall be established by the department and shall be uniform for each project party. (b) To promote public understanding of the role played by special purpose revenue bonds in providing benefits to the general public, the department shall take appropriate steps to ensure public access to and scrutiny of the estimates determined under subsection (a). (c) The department shall adopt rules under chapter 91 for the purposes of this section.
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