HI HB932

Establishes a Green Bonds Working Group within the Department of Business, Economic Development, and Tourism to develop recommendations for creating a state green bonds financing program for climate change mitigation, adaptation, environmental conservation, and sustainability projects

Working group membership includes the directors of DBEDT (chair), finance, and planning/sustainable development; chairperson of the board of land and natural resources; executive director of Hawaii Green Infrastructure Authority; and one legislator each from the senate and house

Chairperson must invite representatives from nonprofit organizations specializing in environmental conservation and climate change, plus other relevant parties

Working group must evaluate project eligibility criteria, analyze International Capital Market Association green bond principles, estimate program costs, and coordinate with public/private sector stakeholders

Report with findings, recommendations, and proposed legislation due to the legislature 20 days before the 2026 regular session; working group terminates June 30, 2026; effective date July 1, 3000