SB 2304 Summary

• Clarifies that the Research Corporation of the University of Hawaii's purpose is limited to promoting educational, scientific, and literary pursuits through research, training of research personnel, and dissemination of knowledge by publication of research findings.

• Restricts the corporation's undertakings to acts reasonably necessary to carry out its core research mission, preventing expansion into unrelated areas like general economic development.

• Exempts the corporation from certain state laws (civil service, public employment, special fund reimbursements, and bidding requirements) only when activities directly support research, training, and publication of findings.

• Requires the corporation to report biannually to the legislature on internal service orders and revolving accounts using University of Hawaii intramural funds for financial and mission compliance review.

• Authorizes the corporation to conduct minor renovation projects in support of research and training up to $2,000,000 in cost.