HB 2664 Summary

• Lapses $350,000,000 in general obligation bond funds previously appropriated for stadium development in Halawa under Act 88, Session Laws of Hawaii 2021.

• Lapses $20,000,000 in general obligation bond funds appropriated under Act 268, Session Laws of Hawaii 2019 for stadium-related purposes.

• Appropriates $49,500,000 from the Halawa redevelopment special fund to the general fund for fiscal year 2024-2025.

• Authorizes issuance of $211,000,000 in general obligation bonds for fiscal year 2024-2025 to upgrade the stadium on the University of Hawaii at Manoa campus to meet NCAA Division I football requirements, including plans, design, construction, and infrastructure.

• Renames the "Stadium Authority" as the "Halawa Redevelopment Authority" and the "Stadium Development District" as the "Halawa Redevelopment District" throughout Hawaii Revised Statutes and amends the authority's powers and duties accordingly.