Bill > SB3159

This bill authorizes the Board of Regents of the University of Hawaii, with the governor's approval, to issue revenue bonds to finance the construction, maintenance, and modernization of university projects, including faculty and student housing, classrooms, laboratories, and other infrastructure. These revenue bonds, which are governed by specific sections of Hawaii Revised Statutes, will be repaid solely from the university's revenue, and the total principal amount authorized is not specified in the provided text but is subject to certain exclusions for refunding bonds or existing outstanding bonds. The bill also appropriates funds for fiscal year 2026-2027 from these bond proceeds and earned interest for these purposes, with any unspent funds not lapsing until June 30, 2031, and requires the university to inform the legislature about the issuance of these bonds and the projects they will fund.

Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3159&year=2026