HI HB115

Establishes a campus planning facility board consisting of University of Hawaii chancellors to evaluate, prioritize, and allocate funding for repair and maintenance projects across all UH campuses.

Creates a major repairs and replacement special fund beginning July 1, 2018, funded by a percentage of all gross revenues received by the University of Hawaii (percentage amount left blank in bill), legislative appropriations, and gifts/donations.

Authorizes the director of finance to issue general obligation bonds in unspecified amounts for fiscal years 2013-2014 and 2014-2015, with revenues deposited into the major repairs and replacement special fund.

Requires the director of finance to transfer a percentage of balances (amount unspecified) from all University of Hawaii special funds to the major repairs and replacement fund in fiscal years 2015-2016 and 2016-2017, excluding funds already designated for repair and maintenance.

Directs the University of Hawaii to conduct a financial and statutory review of the impact of these changes on special funds and report findings to the legislature by 2014; takes effect July 1, 2050.