Establishes the Defeasement Trust Fund within the Department of Budget and Finance for the defeasement of tax-exempt bonds to allow private use of state facilities financed by tax-exempt bonds. Requires the Department to consult with bond counsel before defeasement. Appropriates moneys in and out of the Defeasement Trust Fund for defeasement of certain tax-exempt bonds.
More detail
Effective 7/1/3000. (HD1)
2
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More on this bill
Where it stands
Introduced
Passed Senate
Passed House
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2026
May 1Conference committee meeting to reconvene on 05-01-26 1:00 PM; Conference Room 309.Latest
May 1Conference committee meeting to reconvene on 05-01-26 3:30 PM; Conference Room 309.
May 1Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309.
Apr 30Conference committee meeting to reconvene on 05-01-26 11:00AM; Conference Room 309.
Apr 29Conference committee meeting scheduled for 04-30-26 11:00AM; CR 309.
Apr 20Received notice of Senate conferees (Sen. Com. No. 714).Minor
Apr 16Received from House (Hse. Com. No. 704).Minor
Apr 16Senate disagrees with House amendments.Minor
Apr 16Received notice of disagreement (Sen. Com. No. 710).Minor
Apr 14Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate.Passed House
Vote recorded Passed Third Reading. Result: pass.Lower
Apr 9Reported from FIN (Stand. Com. Rep. No. 1988-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
Vote recorded Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading. Result: pass.Lower
Apr 9Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).
Apr 7The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.Minor
Vote recorded The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
Apr 2Bill scheduled to be heard by FIN on Tuesday, 04-07-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
Mar 12Pass First ReadingMinor
Mar 12Referred to FIN, referral sheet 17Minor
Mar 10Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
Vote recorded Passed Third Reading, as amended (SD 1). Result: pass.Upper
Mar 10Received from Senate (Sen. Com. No. 302) in amended form (SD 1).Minor
Mar 5Reported from WAM (Stand. Com. Rep. No. 2875) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
Mar 5Report adopted; Passed Second Reading, as amended (SD 1).Minor
Mar 548 Hrs. Notice 3/10/2026.
Mar 4The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.Minor
Vote recorded The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Mar 2The committee(s) on WAM deferred the measure until 03-04-26 10:32AM; Conference Room 211 & Videoconference.Minor
Feb 27The committee(s) on WAM has scheduled a public hearing on 03-02-26 10:00AM; Conference Room 211 & Videoconference.