HawaiiSB 692025–2026 Regular Session (Year 2)Senate

RELATING TO DEPOSITS OF PUBLIC FUNDS.

Sponsored By: Stanley Chang (Democratic)

Passed

Summary

Requires the Director of Finance to consider, before the selection of a depository for the state treasury, the beneficial effects to the State of using depositories within the State, including but not limited to lending at favorable terms for the creation of certain affordable housing units. Effective 7/1/2050. (SD1)

BanksLoansHousingDirector of FinanceState Treasury DepositoryCPN/HOU, WAM

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Stanley Chang

    Democratic • Senate

Cosponsors

  • Kurt Fevella

    Republican • Senate

  • Mike Gabbard

    Democratic • Senate

  • Troy N. Hashimoto

    Democratic • Senate

  • Karl Rhoads

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 7 • No: 0

Senate vote 2/4/2025

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

Yes: 4 • No: 0

Senate vote 2/4/2025

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

Yes: 3 • No: 0

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. Reported from CPN/HOU (Stand. Com. Rep. No. 452) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

    2/13/2025Senate
  3. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    2/13/2025Senate
  4. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) McKelvey, Awa.

    2/4/2025Senate
  5. The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

    2/4/2025Senate
  6. The committee(s) on HOU deferred the measure until 02-04-25 1:00PM; CR 225.

    1/29/2025Senate
  7. The committee(s) on CPN deferred the measure until 02-04-25 9:30AM; CR 229.

    1/29/2025Senate
  8. The committee(s) on CPN/HOU has scheduled a public hearing on 01-29-25 9:40AM; Conference Room 229 & Videoconference.

    1/24/2025Senate
  9. Referred to CPN/HOU, WAM.

    1/16/2025Senate
  10. Introduced and passed First Reading.

    1/15/2025Senate
  11. Pending Introduction.

    1/8/2025Senate

Bill Text

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