HI HB1494

Appropriates $49,500,000 from the Stadium Development Special Fund for fiscal year 2025-2026 for the new Aloha Stadium Entertainment District, contingent on development timelines being met

Requires any conditions the legislature places on appropriations to the Stadium Development Special Fund to be satisfied before funds can be expended

Restricts private gifts or grants to the Stadium Authority to be used only for stadium infrastructure and stadium development costs

Mandates that fiscal year 2026-2027 appropriations come solely from private source gifts or grants

Requires all unexpended and unencumbered funds in the Stadium Development Special Fund to lapse to the general fund if the project is terminated