HI HB2127

Establishes the Public-Private Finance Initiative (PPFI) as a state agency within the Department of Business, Economic Development, and Tourism to facilitate public-private partnerships for infrastructure and facility projects.

Creates a five-member voting board (comptroller, finance director, DBEDT director, and two legislative appointees) plus one nonvoting member representing the local aha moku advisory committee.

Requires suitability testing for projects exceeding $60,000,000 comparing long-term leases to traditional delivery models; prohibits combining smaller projects to reach the threshold.

Mandates the PPFI conduct a pilot project on state lands in Wahiawa (Honolulu) and report annually to the governor and legislature on project status and effectiveness.

Appropriates unspecified general revenues for fiscal year 2014-2015 to establish the initiative and fund three staff positions; initiative limited to pilot projects only until further legislative action.