HawaiiHB 23392025–2026 Regular Session (Year 2)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. Effective 7/31/2055. (SD1)

Board of RegentsAuthorization of Revenue BondsCapital Improvement ProjectsAppropriationEDU, WAM

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Bill Overview

Analyzed Economic Effects

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

Housing aid for resident students

The University must offer housing aid to students who live in its student housing program, demonstrate financial need as determined by the University, and qualify for resident tuition. The aid can be a housing allowance, stipend, or similar financial assistance. It offsets part of room and board increases tied to higher debt service on the authorized bonds. The aid ends on June 30, 2031; the law does not set an individual aid amount.

University bonds fund campus projects

With the governor’s approval, the University of Hawaii can issue up to $28.5 million in revenue bonds for construction, maintenance, or modernization of University projects. Qualifying refunding bonds and bonds outstanding on July 1, 2026, do not reduce that limit. The law provides up to $28.5 million from bond proceeds and interest for these purposes in fiscal year 2026–2027, and the University must spend the funds. Any unspent, uncommitted balance expires on June 30, 2031. Bond payments not covered by bond proceeds come solely from University revenue.

Sponsors & Cosponsors

Sponsor

  • Nadine K. Nakamura

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 215 • No: 5

House vote • 5/6/2026

House Floor Vote

Yes: 49 • No: 2

Senate vote • 5/1/2026

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

Yes: 3 • No: 0

House vote • 5/1/2026

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

Yes: 4 • No: 0

Senate vote • 4/10/2026

Senate Floor Vote

Yes: 25 • No: 0

Senate vote • 4/6/2026

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

Yes: 12 • No: 0

Senate vote • 3/17/2026

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

Yes: 3 • No: 0

House vote • 3/5/2026

House Floor Vote

Yes: 46 • No: 3

House vote • 2/25/2026

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

Yes: 16 • No: 0

House vote • 2/17/2026

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

Yes: 47 • No: 0

House vote • 2/6/2026

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

Yes: 10 • No: 0

Bill Text

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