HI HB695

Authorizes the director of finance to issue general obligation bonds for fiscal year 2019-2020 to design, construct, and equip a new stadium facility to replace Aloha Stadium (specific bond amount not specified in bill text).

Appropriates funds to the Department of Accounting and General Services for design, construction, and equipment of the new stadium, with separate line items for design, construction, and equipment costs.

Requires that at least one-third of the total cost to design, construct, and equip the new stadium facility must be funded by the private sector before any state funds can be expended.

Permits the appropriation to carry over beyond the fiscal biennium, but requires all unencumbered funds to lapse as of June 30, 2020.

Takes effect on July 1, 2019.