HI SB934

Appropriates $572,695,000 from the mass transit special fund for fiscal year 2025-2026 for Honolulu rail transit project disbursements.

Requires a preliminary analysis of financing options and potential partners for a park-and-ride facility adjacent to the Pearl Highlands rail transit station to be completed by January 1, 2026.

Prioritizes remaining project cash balances after completion of the minimum operating segment (East Kapolei to Civic Center) for planning and design of a Pearl Highlands park-and-ride facility and extension to Ala Moana.

Directs any moneys remaining in the mass transit special fund above the appropriated amount to stay in the fund consistent with the established prioritization for the Pearl Highlands and Ala Moana projects.

Takes effect July 1, 2025.