HI HCR181

Requests the Auditor to conduct a financial and management audit of the Honolulu Authority for Rapid Transportation (HART) and its governance and operations.

Requires the audit to examine HART's management, financial policies, accounting systems, and internal controls related to the Honolulu Rail Transit Project (a $5.2 billion, 20-mile elevated rail project scheduled for completion by 2019).

Mandates review of contracts awarded, expenditures to contractors and consultants, factors contributing to cost increases and project delays, and cost containment measures implemented by HART.

Directs the Auditor to submit findings and recommendations to the Legislature no later than twenty days before the 2016 Regular Session convenes.

Addresses concerns about a reported nearly $1 billion budget shortfall, cost overruns, and construction delays affecting the viability of the rail transit project.