Bill > HR56

This bill requests the Office of Planning and Sustainable Development (OPSD) to develop methods for estimating the costs associated with delays in public and private development projects. Working in coordination with various state and county departments, including the Department of Accounting and General Services, Department of Budget and Finance, and county planning departments, the OPSD is tasked with two primary objectives. First, the office will identify strategies to gather information about costs incurred due to project delays that involve public funds or permits. Second, they will propose amendments to existing budget request forms and permit applications to help decision-making authorities better understand the potential financial impacts of project delays. The bill recognizes that project delays can significantly increase costs related to labor, materials, land, capital, and inflation, potentially invalidating initial cost-benefit analyses. By the end of 2025, the OPSD is requested to submit a comprehensive report to the Legislature detailing its findings and recommendations, including any proposed legislation, with the ultimate goal of helping authorities make more informed decisions about project approvals and potential delays.

Budget and Finance

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HR&billnumber=56&year=2025