Bill > HB1164

This bill authorizes the Hawaii Department of Transportation to issue highway revenue bonds for specific capital improvement projects previously outlined in Act 164 from 2023 and amended in Act 230 from 2024. The bill allows the department to issue bonds to fund highway projects, with the ability to issue additional principal to cover interest during construction, establish reserves, and pay issuance expenses. The bonds will be repaid using various revenue sources, including highway fuel taxes, vehicle weight taxes, vehicle registration fees, federal moneys, and other user taxes and fees related to highways and related facilities. The governor is granted discretion to use the state highway fund to finance projects designated for highway revenue bond funding. The bill includes standard provisions protecting the validity of the legislation if any portion is found to be invalid and allows the governor to correct clerical or mechanical errors. Notably, the bill is set to take effect on January 1, 3000, which appears to be a placeholder date typically used when the exact implementation date is yet to be determined.

Budget and Finance, Transportation and Infrastructure

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1164&year=2026