Bill > HB1608

This bill authorizes the issuance of special purpose revenue bonds, which are a type of bond used to finance specific projects that are deemed to be in the public interest, to assist Fenix Space, Inc., a Delaware corporation, in developing its launch platform system and a flight operations facility in Hilo, Hawaii. These bonds will fund the planning, design, procurement, and construction of the Fenix launch platform system and the Fenix Space Hilo flight operations facility, which will include offices, a clean room for integrating payloads (the equipment sent into space), and hangar space with specialized equipment, all to be located at the Hilo International Airport. The bill specifies that this authorization is for the period of July 1, 2026, through December 31, 2028, and the authority to issue these bonds will expire on June 30, 2031, with the Act itself taking effect on July 1, 3000.