HI HB2185

Authorizes the University of Hawaii Board of Regents to issue revenue bonds with gubernatorial approval to finance construction, maintenance, and modernization of university capital facility projects, including housing, classrooms, research facilities, libraries, and athletic facilities.

Total principal amount of authorized revenue bonds is left blank in the bill text, with refunding bonds and outstanding bonds excluded from the authorization limit.

Revenue bonds shall be issued pursuant to Hawaii Revised Statutes Part VI of Chapter 304A, with principal and interest secured solely by university revenue as defined in HRS Section 304A-2671.

Appropriates unspecified amount from revenue bond proceeds for fiscal year 2022-2023, with any unexpended balance remaining available through June 30, 2026.

University of Hawaii must notify the legislature upon issuance of the revenue bonds, including detailed listing and description of all funded projects; effective date is July 1, 2050.