S.B. 1589 Summary

• Requires private gifts or grants deposited into the Stadium Development Special Fund to be used exclusively for infrastructure related to the stadium and development costs

• Mandates any unexpended and unencumbered funds in the Stadium Development Special Fund immediately lapse to the general fund if the new Aloha Stadium Entertainment District project is terminated

• Appropriates unspecified sums from the Stadium Development Special Fund for fiscal years 2025-2026 and 2026-2027, conditioned on the Stadium Authority meeting established development timelines

• Requires fiscal year 2026-2027 appropriations to derive solely from private gifts or grants received by the State

• Effective July 1, 3000