HB 1830 Summary

• Establishes the University of Hawaii Green Special Fund to receive savings from energy conservation measures, legislative appropriations, investment earnings, rebates, grants, and revenue bonds.

• Allows the fund to support energy efficiency, renewable energy, and sustainability projects including personnel, equipment, planning, design, and implementation costs.

• Removes the previous $167,000 expenditure threshold that required legislative approval, replacing it with a legislative notification requirement for all expenditures.

• Grants the University of Hawaii's chief financial officer authority to collect and transfer monetary savings from university energy conservation projects into the fund.

• Requires the university to submit an annual report to the legislature no later than twenty days before each regular session detailing fund deposits, savings calculations, revenues, rebates, and any transferred funds.