HRS §39A-90
Estimating the benefits of special purpose revenue bonds
This section says that each project party with a project agreement must estimate the benefits from using special purpose revenue bond money, based on new jobs and tax effects. The department sets a uniform format and method, makes the estimates public, and adopts rules to carry this out.
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The statute, as written — ‑90 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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