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HI SB1476

HI SB1476
Relating To Capital Advancement Contracts.


summary

Introduced
01/23/2025
In Committee
01/21/2026
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

Amends section 266-19.5(d), HRS, for the purpose of increasing the cap for the contract value of any one capital advancement contract (CAC) and the cap for the total aggregate value of CACs in a fiscal year entered into by the Department of Transportation with private parties for harbor improvements. Adds reporting requirements for the department.

AI Summary

This bill amends Hawaii's harbor improvement regulations by increasing the maximum value of Capital Advancement Contracts (CACs) for the Department of Transportation. Specifically, the bill raises the per-contract cap from $2 million to $5 million and increases the total aggregate annual contract value from $5 million to $20 million in a fiscal year. The bill also introduces a new reporting requirement, mandating that the department submit a comprehensive report of all executed CACs to the legislature by twenty days before the start of each regular legislative session, beginning in 2026. These changes will provide the Department of Transportation with more flexibility in executing harbor improvement contracts with private parties, allowing for larger individual projects and a higher total annual investment in infrastructure development. The bill takes effect immediately upon approval.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

Re-Referred to TRS, WAM. (on 01/21/2026)

bill text


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