HawaiiHB 11682025–2026 Regular Session (Year 1)HouseWALLET

RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS.

Sponsored By: Nadine K. Nakamura (Democratic)

Signed by Governor

Summary

Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the purpose of financing qualifying priority capital improvement projects. Conditions revenue bond proceeds appropriation on room and board assistance to students with financial need. (CD1)

Board of RegentsAuthorization of Revenue BondsCapital Improvement ProjectsHRE, WAM

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Housing help for Hawaii students in need

Beginning July 1, 2025, the law requires the University of Hawaii to provide housing aid to qualifying students. Students must live in university housing, show financial need as determined by the university, and qualify for resident tuition. A housing allowance, stipend, or similar aid offsets part of room and board increases caused by the authorized bond debt. The law sets no individual aid amount. Aid comes from the shared bond-proceeds appropriation, whose unspent funds not committed to expenses expire June 30, 2030.

New bonds for University of Hawaii facilities

Beginning July 1, 2025, the University of Hawaii Board of Regents can issue up to $30.75 million in revenue bonds. The governor must approve the bonds for priority construction, renovation, modernization, and repairs. Projects include faculty and student housing, classrooms, labs, offices, research spaces, utilities, libraries, student services, athletics, and other infrastructure. Existing bonds and bonds issued to refinance debt do not reduce this authorization. Repayment is secured solely by university revenues, except when bond proceeds pay principal and interest—not by state general funds. The law provides $30.75 million from bond proceeds and interest for fiscal year 2025–2026, including the student housing aid. The Board of Regents spends the funds. Unspent funds not committed to expenses remain available through fiscal year 2026–2027 and expire June 30, 2030. When bonds are issued, the university must notify the Legislature with a detailed list and description of every funded project.

Sponsors & Cosponsors

Sponsor

  • Nadine K. Nakamura

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 237 • No: 9

Senate vote • 4/30/2025

Senate Floor Vote

Yes: 22 • No: 2

House vote • 4/30/2025

House Floor Vote

Yes: 46 • No: 4

Senate vote • 4/25/2025

The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS....

Yes: 2 • No: 0

House vote • 4/25/2025

The Conference Committee recommends that the measure be Passed, with Amendments....

Yes: 4 • No: 0

Senate vote • 4/8/2025

Senate Floor Vote

Yes: 25 • No: 0

Senate vote • 4/2/2025

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 13 • No: 0

Senate vote • 3/18/2025

The committee(s) on HRE recommend(s) that the measure be PASSED, UNAMENDED. The...

Yes: 4 • No: 0

House vote • 3/4/2025

House Floor Vote

Yes: 47 • No: 2

House vote • 2/26/2025

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes ...

Yes: 15 • No: 0

House vote • 2/11/2025

Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN...

Yes: 48 • No: 1

House vote • 2/5/2025

The committee on HED recommend that the measure be PASSED, WITH AMENDMENTS. The ...

Yes: 11 • No: 0

Actions Timeline

  1. Act 156, 06/03/2025 (Gov. Msg. No. 1256).

    6/3/2025Senate
  2. Act 156, on 06/03/2025 (Gov. Msg. No. 1256).

    6/3/2025House
  3. Received notice of passage on Final Reading in House (Hse. Com. No. 821).

    5/2/2025Senate
  4. Received notice of Final Reading (Sen. Com. No. 888).

    5/1/2025House
  5. Transmitted to Governor.

    5/1/2025House
  6. Passed Final Reading, as amended (CD 1). Ayes, 22; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 1 (Senator(s) Aquino).

    4/30/2025Senate
  7. Passed Final Reading as amended in CD 1 with Representative(s) Belatti, Iwamoto voting aye with reservations; Representative(s) Alcos, Garcia, Muraoka, Pierick voting no (4) and Representative(s) Cochran excused (1).

    4/30/2025House
  8. Conference Committee Meeting will reconvene on Friday, 04-25-25 at 5:00PM in Conference Room 229.

    4/25/2025House
  9. Conference Committee Meeting will reconvene on Friday, 04-25-25 at 5:30PM in Conference Room 229.

    4/25/2025House
  10. Senate Conferees Changed: Senator Kanuha added as Co-Chair. Senator Hashimoto discharged as Co-Chair.

    4/25/2025Senate
  11. Received notice of change in Senate conferees (Sen. Com. No. 882).

    4/25/2025House
  12. The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 2 Aye(s): Senator(s) Kim, Kanuha; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

    4/25/2025Senate
  13. The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Garrett, Kitagawa, Amato, Muraoka; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

    4/25/2025House
  14. Reported from Conference Committee (Conf Com. Rep. No. 228) as amended in (CD 1).

    4/25/2025House
  15. Forty-eight (48) hours notice Wednesday, 04-30-25.

    4/25/2025House
  16. Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 228).

    4/25/2025Senate
  17. 48 Hrs. Notice (as amended CD 1) 04-30-25

    4/25/2025Senate
  18. Conference committee meeting to reconvene on 04-25-25 3:05PM; Conference Room 229.

    4/24/2025Senate
  19. Conference committee meeting to reconvene on 04-24-25 1:50PM; Conference Room 229.

    4/23/2025Senate
  20. Conference Committee Meeting will reconvene on Wednesday 04-23-25 3:00PM in conference room 229.

    4/21/2025House
  21. Senate Conferees Appointed: Kim Chair; Hashimoto Co-Chair; Fevella.

    4/17/2025Senate
  22. Received notice of Senate conferees (Sen. Com. No. 826).

    4/17/2025House
  23. Bill scheduled for Conference Committee Meeting on Monday, 04-21-25 3:00PM in conference room 229.

    4/17/2025House
  24. Received notice of appointment of House conferees (Hse. Com. No. 732).

    4/15/2025Senate
  25. House Conferees Appointed: Garrett, Kitagawa Co-Chairs; Amato, Muraoka.

    4/14/2025House

Bill Text

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