Bill > SB1624

This bill requires the Board of Regents of the University of Hawaii to strictly adhere to the intended purpose of funds appropriated for renewing, improving, and modernizing existing university facilities. Specifically, the bill amends the existing law to prohibit the Board from using these designated funds for current, ongoing, or anticipated capital improvement projects. The bill introduces a new requirement that the Board must submit an annual report to the Legislature detailing the specific renew, improve, and modernize projects that received funding, with the report due no later than thirty days before each regular legislative session. The purpose of this legislation is to ensure transparency and accountability in the use of public funds, maintaining the integrity of state infrastructure investments by guaranteeing that funds are used exclusively for their originally intended purposes. The bill will take effect on July 31, 2050, providing a long-term framework for financial oversight of University of Hawaii facility improvements.

Budget and Finance, Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1624&year=2026