Bill > HB960

This bill modifies the legal framework for capital advancement contracts at Hawaii's Department of Transportation (DOT), primarily by increasing financial thresholds and adding reporting requirements. Specifically, the bill raises the maximum value of contracts that can be executed without legislative approval from $2,000,000 to $5,000,000, increases the total aggregate value of such contracts in a fiscal year from $5,000,000 to $30,000,000, and changes the approval mechanism for contracts over $5,000,000 to require a legislative concurrent resolution. Capital advancement contracts are agreements that allow the DOT to partner with private entities to improve or construct state harbor facilities when the director determines such contracts serve the state's best interests. A new reporting requirement is also established, mandating that the DOT submit a comprehensive report of all executed capital advancement contracts to the legislature annually, no later than twenty days before the start of each regular legislative session. The bill aims to provide more flexibility for the DOT in executing harbor improvement projects and increase legislative oversight by requiring annual reporting. The changes will take effect on July 1, 2025.

Budget and Finance, Transportation and Infrastructure

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=960&year=2025