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HI SB3218
Bill
Status
Engrossed
3/10/2026
Primary Sponsor
Troy Hashimoto
Click for details
AI Summary
- Adds "housing infrastructure growth bonds" as a new defined term in Hawaii's county bond statutes, with meaning derived from Article VII, Section 12 of the Hawaii State Constitution
- Requires county directors of finance to include housing infrastructure growth bonds in annual debt summaries alongside general obligation bonds, revenue bonds, and special assessment bonds
- Allows counties to exclude housing infrastructure growth bonds from their funded debt limit calculations under Article VII, Section 13, clauses 2, 4, or 10 of the State Constitution
- Takes effect July 1, 2050, contingent upon voter ratification of a constitutional amendment authorizing counties to issue housing infrastructure growth bonds and exclude them from debt limit determinations
- Updates statutory language throughout Chapter 47C to modernize phrasing (e.g., replacing "shall mean" with "means" and "such" with "the")
Legislative Description
Relating To Bonds.
Counties
Last Action
Bill scheduled to be heard by HSG on Wednesday, 03-18-26 9:00AM in House conference room 430 VIA VIDEOCONFERENCE.
3/16/2026
Committee Referrals
Housing3/12/2026
Ways and Means2/19/2026
Energy and Intergovernmental Affairs2/2/2026
Full Bill Text
No bill text available