Bill > HB1156

This bill amends Section 266-52 of the Hawaii Revised Statutes to increase the maximum principal amount of special facility revenue bonds that the Department of Transportation can issue for harbor improvements from $100,000,000 to $600,000,000. The bill provides the department with expanded powers to enter into special facility leases with maritime businesses, allowing them to construct, acquire, remodel, furnish, or equip facilities specifically for maritime operations. The legislation permits the department, with the governor's approval, to issue these revenue bonds to fund special facility projects and to issue refunding bonds to refinance existing bonds. The bill also clarifies language around the department's ability to work with other parties on facility development, including the potential for the other party to undertake or supervise construction and expenditures. The changes aim to provide more financial flexibility for harbor infrastructure development, with the new provisions set to take effect on July 1, 2025.

Budget and Finance, Transportation and Infrastructure

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1156&year=2025