HB 1494 Summary

• Establishes that any condition imposed by the legislature on appropriations to the Stadium Development Special Fund must be met before expenditure of those funds.

• Restricts private donations to the Stadium Authority to be used only for infrastructure related to the stadium and costs associated with stadium development.

• Appropriates $49,500,000 from the Stadium Development Special Fund for fiscal year 2025-2026 for the New Aloha Stadium Entertainment District, contingent on the stadium authority meeting development timelines.

• Requires that any appropriated funds for fiscal year 2026-2027 be derived solely from moneys received as gifts or grants from private sources.

• Mandates that all unexpended and unencumbered funds in the Stadium Development Special Fund lapse to the general fund if the project is terminated before completion.