HI SB1487

Authorizes the University of Hawaii Board of Regents, with governor approval, to issue revenue bonds to finance construction, renovation, modernization, and repair of campus facilities including housing, classrooms, laboratories, libraries, athletic facilities, and infrastructure

Principal amount of revenue bonds authorized is left blank (to be determined), with refunding bonds and existing bonds excluded from the cap

Revenue bonds will be paid solely from university revenues as defined in Hawaii Revised Statutes section 304A-2671, issued pursuant to part VI of chapter 304A

Appropriates an unspecified amount from revenue bond proceeds for fiscal year 2025-2026, with unexpended funds lapsing on June 30, 2030

Requires the university to notify the legislature upon bond issuance with a detailed list of all projects to be funded