Bill > SB1475

This bill amends Hawaii's existing law regarding the Department of Transportation's powers to issue special facility revenue bonds for harbor improvements by increasing the maximum principal amount of these bonds from $100,000,000 to $600,000,000. The bill allows the department, with the governor's approval, to issue revenue bonds to fund the construction, acquisition, remodeling, furnishing, and equipping of special facilities for maritime and maritime-related operations. Additionally, the bill permits the department to issue refunding bonds to refinance existing special facility revenue bonds without further legislative authorization, while clarifying language related to special facility leases and making minor grammatical edits to the existing statute. The changes are designed to provide more financial flexibility for harbor infrastructure development, with the new bond limit taking effect on July 1, 2050.

Budget and Finance, Transportation and Infrastructure

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1475&year=2026