HB 1156 Summary

• Increases the authorization limit for special facility revenue bonds issued by the Department of Transportation from $100,000,000 to $600,000,000 for harbor improvements and maritime-related facilities.

• Allows the department to issue special facility revenue refunding bonds without further legislative authorization to refinance outstanding bonds, provided the total does not exceed the authorized amount.

• Makes minor grammatical updates to Hawaii Revised Statutes Section 266-52 by replacing archaic language ("such," "which") with modern phrasing ("that," "the").

• Effective date: July 1, 2025.