HI HB33

Authorizes issuance of general obligation bonds to finance projects designated in the General Appropriations Act of 2023 and Judiciary Appropriations Act of 2023, with total bond issuance not to exceed a specified amount.

Declares that the total principal and interest on authorized, unissued, and outstanding bonds will not exceed Hawaii's constitutional debt limit of 18.5% of average general fund revenues from the three preceding fiscal years.

Establishes findings required by Article VII, Section 13 of the Hawaii Constitution regarding debt limit compliance, including analysis of outstanding bonds, authorized unissued bonds, proposed bond issuance schedules, and excludable reimbursable bonds.

Authorizes refunding of any general obligation bonds of the State of Hawaii previously or subsequently issued pursuant to law, in accordance with HRS section 39-16.

Effective July 1, 2050.