HI SB3159

Authorizes the University of Hawaii Board of Regents to issue revenue bonds with governor approval to finance construction, maintenance, and modernization of university facilities including housing, classrooms, laboratories, research facilities, libraries, and athletic facilities.

Revenue bond principal amount cap left blank in the bill text, with refunding bonds and previously outstanding bonds excluded from the authorization limit.

Appropriates revenue bond proceeds (amount left blank) for fiscal year 2026-2027, with unexpended funds not lapsing until June 30, 2031.

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

Takes effect July 1, 2026, with bonds to be issued pursuant to part VI of chapter 304A, Hawaii Revised Statutes, and secured solely by university revenue.