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HI SR33
Resolution
Status
Introduced
3/10/2026
Primary Sponsor
Stanley Chang
Click for details
AI Summary
- Requests the Department of Budget and Finance to study the feasibility and benefits of creating a state-owned sovereign wealth fund for Hawaii
- Sovereign wealth funds would invest state assets from tourism revenues, budget surpluses, and legal settlements to generate long-term financial returns for residents
- Proposes that investment earnings could be distributed as cash dividends to qualified residents to help offset Hawaii's high cost of living
- Notes that more than 90 countries and several U.S. states already operate sovereign wealth funds for economic stability and intergenerational equity
- Requires the Department to submit findings and recommendations, including proposed legislation, to the Legislature no later than 20 days before the 2027 Regular Session
Legislative Description
Requesting The Department Of Budget And Finance To Conduct A Study On The Feasibility And Benefits Of Creating A State-owned Sovereign Wealth Fund.
Study
Last Action
Offered.
3/10/2026
Full Bill Text
No bill text available