summary
Introduced
01/23/2025
01/23/2025
In Committee
04/04/2025
04/04/2025
Crossed Over
02/28/2025
02/28/2025
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
Restores the revenue bond authorization for the Department of Transportation to issue Highway Revenue Bonds for highway capital improvement projects authorized in Act 164, SLH 2023, as amended by Act 230, SLH 2024. Takes effect 1/1/3000. (SD1)
AI Summary
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.
Committee Categories
Budget and Finance, Transportation and Infrastructure
Sponsors (1)
Last Action
Carried over to 2026 Regular Session. (on 12/08/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...