Bill > HB1354

This bill amends the Hawaii Revised Statutes to establish new conditions for the Stadium Development Special Fund, which supports the new Aloha Stadium Entertainment District project. The bill requires that any legislative conditions attached to appropriations must be met before funds can be expended, and mandates that if the stadium project is terminated, any unused funds will immediately be returned to the general fund. Specifically, the bill appropriates $49,500,000 for fiscal year 2025-2026 to the Stadium Authority, contingent upon the stadium development timelines being met. The legislation recognizes the project as a critical public-private partnership aimed at completing a new stadium and district development by summer 2028, with key milestones to be achieved throughout 2025. The bill provides safeguards to ensure responsible use of public funds, allows the Stadium Authority to use the funds for various purposes including stadium development, operation, maintenance, and infrastructure improvements, and sets clear parameters for fund management and potential fund reversion if project goals are not achieved.

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https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1354&year=2026