HRS §39A-331
Estimate of benefits
This section says that each project party working with the department must estimate the benefits from special purpose revenue bonds, focusing on new jobs and tax receipts. The department sets a uniform format and must make the estimates public. The department also must adopt rules for this process.
businesses
The statute, as written — 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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