Hawaii authorizes up to $600 million from its transit fund and $100 million for disaster recovery and response in fiscal year 2026–2027.
The law sets aside up to $600 million from Hawaii's mass transit special fund for payments under the fund's rules in fiscal year 2026–2027.
Hawaii sets aside up to $100 million from general revenues for its major disaster fund and allows spending up to that amount on emergency recovery and response.
The governor may move up to $100 million of this disaster money to other agencies when essential to address an imminent emergency threat to public health, safety, or welfare.
Three Hawaii development organizations have a total of up to $8,340,291 set aside from state general revenues for operating costs in fiscal year 2026–2027.
The Department of Budget and Finance may spend up to $600 million from the mass transit special fund. The money comes from Hawaii's dedicated mass transit fund. Payments must follow section 248-2.7 of Hawaii law and serve the purposes of the mass transit special fund. Only as much as necessary may be spent; the law does not require spending the full $600 million. The law took effect July 1, 2026. This spending authority applies to fiscal year 2026–2027.
The state sets aside up to $100 million from general revenues for the major disaster fund and authorizes spending up to $100 million from that fund. The Hawaii Emergency Management Agency spends the disaster fund money on disaster recovery and response costs. Only as much of each amount as necessary may be used. Use of this money must stay strictly within the emergency's needs and end when the emergency ends or lawmakers act. Money covered by the disaster provisions that is not spent for their stated purpose returns to the general fund on June 30, 2027. The law took effect July 1, 2026. The deposit and spending authority apply to fiscal year 2026–2027.
The governor may transfer up to $100 million of this disaster money to other state agencies for disaster recovery costs. Transfers use the disaster spending already authorized by this law; they do not provide another $100 million. The governor must find in writing that the transfer or use is essential to address an imminent threat to public health, safety, or welfare arising from the emergency. The governor must notify lawmakers within five days of each use, or as soon as practical in urgent circumstances. The notice must include detailed reasons, the transfer date and amount, the receiving program's identifying code, and the transfer's purpose. The governor must submit a summary report at least 30 days before the 2027 regular session. It must cover each use during the previous December 1–November 30 period. This authority took effect July 1, 2026. Transfers and uses must stay strictly within the emergency's needs and end when the emergency ends or lawmakers act. Unspent money returns to the general fund June 30, 2027.
The law sets aside general revenues for operations: $4,762,987 for the Agribusiness Development Corporation, $2,592,854 for the Hawaii Technology Development Corporation, and $984,450 for the Hawaii Community Development Authority. The money covers state organizations working on agribusiness, technology development, and community development. Each named organization spends its own allocation for operations. Each amount is a maximum; only as much as necessary may be spent. The law took effect July 1, 2026. These operating allocations apply to fiscal year 2026–2027.
No hearings or votes scheduled.