HI HB1802

Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds with approval from the governor to finance construction, maintenance, and modernization of university projects and facilities.

Revenue bonds may fund faculty and student housing, classrooms, laboratory and office space, research facilities, utility infrastructure, libraries, student support facilities, and athletic facilities.

Principal and interest on revenue bonds shall be paid solely from university revenue as defined in Hawaii Revised Statutes section 304A-2671.

Appropriates revenue bond proceeds for fiscal year 2024-2025 to carry out the bond program, with any unexpended balance not lapsing until June 30, 2029.

University of Hawaii must notify the legislature upon issuance of the revenue bonds with detailed listing and description of all funded projects.