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 dollar amount not specified in bill text).

Appropriates funds through the Department of Accounting and General Services for design, construction, and equipment costs, including ground and site improvements and all project-related costs.

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

Allows appropriated funds to carry forward beyond the fiscal biennium, with any unencumbered moneys lapsing on June 30, 2020.

Takes effect on July 1, 2019.