HI SB1285

Classifies agency-wide technology and computer systems with an estimated useful life greater than seven years as capital investments eligible for bond financing and depreciation.

Expands the definition of "capital investment costs" in Hawaii Revised Statutes Section 37-62 to include all labor, hardware, software, and licenses for development, installation, monitoring, and replacement of qualifying technology systems.

Adds "agency-wide technology or computer systems" as a cost element under capital investment category and establishes specific project phases (planning, acquisition, testing, implementation, and monitoring) for these systems.

Amends Section 37-69 to require capital improvement project reporting to include technology systems with the specified phases and timelines for implementation.

Takes effect July 1, 2030.