HB2610 Summary

• Amends Hawaii Revised Statutes Section 103D-309 to allow utility companies to contribute their share of contract costs through a legal agreement rather than providing funds upfront.

• Requires legal agreements between utilities and the State or county to include specific descriptions of the utility's payment share, payment terms, and provisions for progress or final payments based on actual project costs.

• Establishes that if a State, county, or utility is late on payments under the legal agreement, that entity is responsible for all additional costs caused by the delay.

• Defines "legal agreement" to include utility agreements, memoranda of understanding, or memoranda of agreement, and defines "utility" as a utility company or entity.

• Takes effect on July 1, 2012.