summary
Introduced
01/21/2026
01/21/2026
In Committee
02/20/2026
02/20/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Requires the Director of Finance to consider, before the selection of a depository for the state treasury, the beneficial effects to the State of using depositories within the State, including but not limited to lending at favorable terms for the creation of certain affordable housing units. Effective 1/1/2050. (SD1)
AI Summary
This bill requires the Director of Finance to consider the positive impacts on the State when choosing where to deposit public funds, specifically mentioning benefits like favorable lending terms for creating affordable housing units, which are homes available below market price or exclusively for residents who don't own other property. The bill also clarifies that no more than 40% of state funds can be deposited outside of the state and sets limits on how much can be deposited in a single institution, with an exception if a state-based depository offers a higher yield while maintaining safety and liquidity. Additionally, it mandates that depositories must provide monthly statements of daily balances for state funds held in commercial accounts.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (5)
Stanley Chang (D)*,
Kurt Fevella (R)*,
Jarrett Keohokalole (D)*,
Karl Rhoads (D)*,
Joy San Buenaventura (D),
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. (on 02/20/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2180&year=2026 |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2180_SD1_.HTM |
| Committee Report SB2180_SD1_SSCR2547_ | https://www.capitol.hawaii.gov/sessions/session2026/CommReports/SB2180_SD1_SSCR2547_.pdf |
| SB2180_TESTIMONY_CPN-HOU_02-03-26_ | https://www.capitol.hawaii.gov/sessions/session2026/Testimony/SB2180_TESTIMONY_CPN-HOU_02-03-26_.PDF |
| BillText | https://www.capitol.hawaii.gov/sessions/session2026/bills/SB2180_.HTM |
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