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Bill > HB1157


HI HB1157

HI HB1157
Relating To Capital Advancement Contracts.


summary

Introduced
01/23/2025
In Committee
01/23/2025
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 contracting rules by increasing the maximum value of individual Capital Advancement Contracts (CACs) from $2 million to $5 million and raising the total annual aggregate CAC value from $5 million to $20 million. A Capital Advancement Contract is likely a type of public-private partnership agreement allowing private entities to invest in and improve harbor infrastructure. The bill removes the previous requirement for legislative approval for contracts over $2 million and replaces it with a new reporting mandate, requiring the Department of Transportation to submit an annual report to the legislature detailing all executed CACs within 20 days before the 2026 regular session and subsequent sessions. These changes appear designed to provide the Department of Transportation with more flexibility in executing harbor improvement projects by streamlining the approval process and increasing the financial thresholds for these contracts.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

Carried over to 2026 Regular Session. (on 12/08/2025)

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