HI SB725

Restricts the use of general obligation or revenue bond proceeds to pay for unfunded pension or other post-employment benefit (OPEB) liabilities for state employees and retirees.

Requires a two-thirds majority vote of each house of the legislature to enact any legislation authorizing the use of bond proceeds for such pension or OPEB liability purposes.

Adds a new section to Chapter 39, Part VII of the Hawaii Revised Statutes to codify this restriction.

Takes effect on August 30, 2050.