# Hawaii SB 2199: RELATING TO THE POMAIKAI HAWAII FUND.

Hawaii SB 2199, RELATING TO THE POMAIKAI HAWAII FUND., is a 2025–2026 Regular Session (Year 2) Senate bill sponsored by Stanley Chang (Democratic); status failed, last action 2026-01-26 (Referred to EDT, WAM/JDC.) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/HI-SB2199-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii SB 2199
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 2)
- Title: RELATING TO THE POMAIKAI HAWAII FUND.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-14
- Last action: 2026-01-26, Referred to EDT, WAM/JDC.
- Sponsor: Stanley Chang (Democratic)
- Cosponsors: 2
- Subjects: Director of Finance, Pomaikai Hawaii Fund, Sovereign Wealth Fund, Special Land and Development Fund, Investment, Dividend Distribution, Qualified Residents, Rules, Reports, EDT, WAM/JDC
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Establishes the Pomaikai Hawaii Fund, a state-owned sovereign wealth fund, into which certain portions of the transient accommodations tax revenues, moneys from general fund balance surpluses, moneys from civil action settlements where the State is a party, and a portion of the proceeds from the sale or other disposition of public lands shall be deposited. Establishes a Board of Directors to manage and invest the moneys in the Fund and distribute the earnings to qualified residents of the State beginning calendar year 2030. Requires the Board to adopt rules. Requires the Director of Finance to provide guidance to the Board on the establishment and administration of the Fund. Requires reports to the Legislature.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Stanley Chang (Democratic), Senate
- Cosponsor: Kurt Fevella (Republican), Senate
- Cosponsor: Karl Rhoads (Democratic), Senate

## Actions (3)

- 2026-01-26: Referred to EDT, WAM/JDC. (Senate)
- 2026-01-21: Introduced and passed First Reading. (Senate)
- 2026-01-14: Pending Introduction. (Senate)

## Bill text

- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2199_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2199_.pdf)

## Related bills

- SB 847: RELATING TO PSYCHOLOGISTS. (became law)
- SB 2338: RELATING TO HOUSING. (signed)
- HB 2344: RELATING TO SCHOOL FACILITIES. (signed)
- HB 2023: RELATING TO TRANSPORTATION. (signed)
- HB 2021: RELATING TO TRANSPORTATION. (signed)
- SB 2031: RELATING TO CONSUMER PROTECTION. (signed)

## Sources
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2199_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2199_.pdf)

## Related
- [SB 847: RELATING TO PSYCHOLOGISTS.](https://policyrisk.com/state-bill/HI-SB847-2026)
- [SB 2338: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB2338-2026)
- [HB 2344: RELATING TO SCHOOL FACILITIES.](https://policyrisk.com/state-bill/HI-HB2344-2026)
- [HB 2023: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2023-2026)
- [HB 2021: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2021-2026)
- [SB 2031: RELATING TO CONSUMER PROTECTION.](https://policyrisk.com/state-bill/HI-SB2031-2026)
- [Hawaii bills](https://policyrisk.com/states/hawaii/bills)
- [Hawaii state hub](https://policyrisk.com/states/hawaii)
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Source: PRIA, https://policyrisk.com/state-bill/HI-SB2199-2026 (as of 2026-11-01).