HI SB414

Removes the prohibition on Hawaii Health Systems Corporation mortgaging its real property, allowing the corporation and regional system boards to pledge property as collateral for loans and revenue bonds.

Restricts mortgage authority by prohibiting mortgages on ceded lands and properties affiliated with the U.S. Department of Veterans Affairs, and limiting mortgage terms to 30 years maximum.

Clarifies that the $25,000,000 annual cap on municipal lease financing agreements applies per regional system rather than to the entire corporation.

Allows the corporation to mortgage property to transition into a new entity in addition to securing revenue bonds.

Effective July 1, 2050.