Bill > HB548

This bill authorizes the Board of Regents of the University of Hawaii to issue revenue bonds to finance the acquisition of the Saint Francis School campus located at 2707 Pamoa Road in Honolulu. The bill allows the university to issue revenue bonds, which are a type of debt instrument repaid through the university's own revenue streams, with approval from the governor. The total principal amount of these bonds is not specified in the bill text, but the bonds will be issued according to existing state law (part VI of chapter 304A, Hawaii Revised Statutes). The bill includes two separate appropriations: one from revenue bond proceeds and another from general state revenues, both intended to support the campus acquisition for fiscal year 2025-2026. Any unexpended funds from the revenue bond appropriation will not lapse immediately but will remain available until June 30, 2028. The bill is set to take effect on July 1, 3000, which appears to be a placeholder date and will likely be adjusted before final passage.

Budget and Finance, Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=548&year=2026