HI HB372

Amends Hawaii Revised Statutes Section 271G-17.5 to remove the requirement that common water carriers obtain prior approval from the public utilities commission before entering into long-term leases of more than three years or leverage leases.

Retains the requirement that water carriers must still obtain commission approval before issuing stocks, bonds, notes, and other evidence of indebtedness payable more than twelve months after issuance.

Removes provisions that would void long-term leases of more than three years and leverage leases entered into without commission authorization.

Changes statutory language to refer to "in this section" instead of "herein" and adds a comma to clarify construction and improvement language for facilities.

Takes effect on July 1, 2023.