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HI HB1168

Bill

Official Source

Status

Passed

6/3/2025

Primary Sponsor

Nadine Nakamura

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds with approval of the governor, with a total principal amount not exceeding $30,750,000
  • Revenue bonds may finance construction, maintenance, and modernization of university projects, facilities, and infrastructure including housing, classrooms, laboratories, libraries, and athletic facilities
  • Appropriates $30,750,000 in revenue bond proceeds for fiscal year 2025-2026, with unexpended balances extended to lapse on June 30, 2030
  • Requires the university to provide housing allowances, stipends, or financial aid to students with demonstrated financial need who qualify for resident tuition to offset increased room and board costs from debt service
  • Mandates the University of Hawaii notify the legislature upon bond issuance with a detailed list and description of all projects to be funded; effective July 1, 2025

Legislative Description

Relating To The University Of Hawaii Revenue Bonds.

UH

Last Action

Act 156, on 06/03/2025 (Gov. Msg. No. 1256).

6/3/2025

Committee Referrals

Ways and Means3/20/2025
Higher Education3/6/2025
Finance2/11/2025
Higher Education1/23/2025

Full Bill Text

No bill text available