HawaiiHawaii may issue up to $1.137 billion in bonds for projects
Hawaii may issue up to $1.137 billion in state bonds for projects in its 2026 supplemental state and court budgets, and use proceeds to repay eligible spending made after July 10.
What it does
Hawaii may issue up to $1.137 billion in state bonds for projects in the 2026 supplemental state and court budgets. The money may repay eligible project spending made after the law took effect.
Argument forBond sales could help pay for state and court projects, and proceeds may repay eligible project spending made after the law took effect.
Argument againstFuture principal and interest payments could leave Hawaii with less money for other needs as the bonds are repaid.
More detail
The law allows Hawaii to issue general obligation bonds for specified projects. The projects must be designated for payment from the state bond fund, including projects whose debt costs are paid from special funds. The projects must be authorized in the 2026 supplemental state or court budget laws and designated for bond funding. The total issued under this authorization cannot exceed $1,137,126,000. The law took effect when approved on July 10, 2026. Bond proceeds may reimburse spending made after that date for the authorized purposes.
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Where it stands
- Introduced
- Adopted
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jul 10Received.Introduced
Taxes & Budget