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Bill > SB2930


HI SB2930

HI SB2930
Relating To The State Risk Management Revolving Fund.


summary

Introduced
01/23/2026
In Committee
02/19/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Increases the expenditure ceiling and appropriates funds out of the State Risk Management Revolving Fund established by section 41D-4, HRS, to enable the Department of Accounting and General Services, State Risk Management and Insurance Administration to transfer and distribute property and liability insurance proceeds related to the 2023 Maui wildfires to applicable accounts. Requires the Department of Accounting and General Services to submit to the Legislature a master coordinated project spreadsheet developed in collaboration with certain state agencies, the County of Maui, and other relevant entities. Effective 7/1/2525. (SD1)

AI Summary

This bill increases the spending limit and appropriates funds from the State Risk Management Revolving Fund, which is a fund established to cover the state's insurance costs, to allow the Department of Accounting and General Services, specifically its State Risk Management and Insurance Administration, to use property and liability insurance money received from the 2023 Maui wildfires. This money is intended to help repair and rebuild state facilities and infrastructure damaged in Lahaina. A key requirement of this bill is that the Department of Accounting and General Services must create and submit a comprehensive, coordinated project spreadsheet to the Legislature. This spreadsheet will be developed in partnership with various state agencies, the County of Maui, and other relevant organizations to ensure that rebuilding efforts are aligned, resources are used efficiently, and all involved parties can participate effectively in the recovery process, preventing duplicated efforts and maximizing the use of insurance proceeds. The bill is set to become effective on July 1, 2525.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (3)

Last Action

Senate Ways and Means Decision (10:31:00 3/4/2026 Conference Room 211 & Videoconference) (on 03/04/2026)

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