RELATING TO STATE FUNDS.

Budget

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: NAKAMURA (Introduced by request of another party)
Last action: 2025-12-08
Official status: Carried over to 2026 Regular Session.
Effective date: Not listed

Plain English Breakdown

The official summary does not provide details on specific appropriations or project funding amounts.

Establishing a Climate Mitigation and Resiliency Special Fund

This bill establishes the Climate Mitigation and Resiliency Special Fund, which will receive interest from the Emergency and Budget Reserve Fund and be used to address climate change impacts.

What This Bill Does

Creates the Climate Mitigation and Resiliency Special Fund in the state treasury.
Requires all earned interest from the Emergency and Budget Reserve Fund to go into this special fund.
Allows money from the special fund to be used for projects addressing climate change, including mitigation and adaptation efforts.

Who It Names or Affects

The state government will manage this new fund.
People who contribute indirectly through interest earned on the Emergency and Budget Reserve Fund support the Climate Mitigation and Resiliency Special Fund.

Terms To Know

Climate change: Changes in global temperatures and weather patterns that affect the environment, economy, and way of life.
Emergency and Budget Reserve Fund: A fund used by the state to handle unexpected financial needs or emergencies.

Limits and Unknowns

The bill does not specify how much money will be in the special fund from interest earned.
It is unclear what specific projects will receive funding from this new special fund.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HD1

Hawaii published version HD1

Plain English: This amendment establishes a new Climate Mitigation and Resiliency Special Fund, allocates interest from the Emergency and Budget Reserve Fund to it, and appropriates funds for climate change projects.

Establishes a new special fund called the 'Climate Mitigation and Resiliency Special Fund' in the state treasury.
Requires all interest earned on balances within the Emergency and Budget Reserve Fund to be transferred to the newly created Climate Mitigation and Resiliency Special Fund.
Appropriates funds from the special fund for projects that address climate change impacts.

The exact amount of funding appropriated is not specified in the amendment text provided.

Bill History

2025-12-08 D
Carried over to 2026 Regular Session.
2025-02-11 H
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Shimizu voting aye with reservations; Representative(s) Alcos, Garcia, Muraoka, Pierick voting no (4) and Representative(s) Cochran, Ward excused (2).
2025-02-11 H
Reported from EEP (Stand. Com. Rep. No. 351) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2025-02-04 H
The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch, Quinlan; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Ward.
2025-01-28 H
Bill scheduled to be heard by EEP on Tuesday, 02-04-25 9:00AM in House conference room 325 VIA VIDEOCONFERENCE.
2025-01-23 H
Referred to EEP, FIN, referral sheet 3
2025-01-23 H
Introduced and Pass First Reading.
2025-01-21 H
Pending introduction.

Official Summary Text

RELATING TO STATE FUNDS.
State Funds; Climate Mitigation and Resiliency Special Fund; Emergency and Budget Reserve Fund; Department of Defense; Appropriation ($)
Establishes the Climate Mitigation and Resiliency Special Fund. Mandates the allocation of all earned interest from the Emergency and Budget Reserve Fund to the newly established special fund. Appropriates funds. Effective 7/1/3000. (HD1)

Current Bill Text

Read the full stored bill text

HB1076

HOUSE OF REPRESENTATIVES

H.B. NO.

1076

THIRTY-THIRD LEGISLATURE, 2025

STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO STATE FUNDS.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION 1.
�
The
legislature finds that Hawaii is experiencing a climate emergency.
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Climate change impacts are felt statewide and
threaten the future of the State's economy, sustainability, environment,
security, culture, and way of life.
�

Successful mitigation of and adaptation to climate change requires
comprehensive action to address the detrimental impacts of climate change.

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The legislature finds that Hawaii needs to
invest in efforts to reduce climate change impacts now to limit current and
future costs of climate change.
�
The anticipated
extent of the impact of climate change is such that state government needs to
take comprehensive and coordinated mitigation efforts as soon as possible.

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The purposes of this Act are to:

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(1)
�
Address
the impacts of climate change on the State and mitigate further impacts by
establishing the climate mitigation and resiliency special fund;

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(2)
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Dedicate
interest earned on balances within the emergency and budget reserve fund to the
new special fund; and

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(3)
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Appropriate
funds out of the special fund.

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SECTION 2.
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The Hawaii Revised Statutes is amended by adding a new chapter to be
appropriately designated and to read as follows:

"
CHAPTER

CLIMATE MITIGATION AND RESILIENCY SPECIAL
FUND

����
�
��
-1
�
Establishment.
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There is established in the state treasury
the climate mitigation and resiliency special fund, to be administered by the department
of defense, into which shall be deposited:

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(1)
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Appropriations
made by the legislature to the fund;

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(2)
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Fees
collected under this chapter or any rule adopted thereunder;

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(3)
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Grants
provided by governmental agencies or any other source;

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(4)
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Donations
made by private individuals or organizations for deposit into the fund;

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(5)
�
Interest
earned from moneys in the emergency and budget reserve fund established in
section 328L-3;

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(6)
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A
portion of the revenues from the transient accommodations tax established by
chapter 237D; and

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(7)
�
Interest
earned from moneys in the fund.

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�
��

-2
�
Uses.
�
Moneys in the climate mitigation and
resiliency special fund shall be used to advance projects addressing climate
change impacts, including projects that mitigate, adapt to, or increase
resiliency against climate change.
�

Moneys may also be used for consultant, personnel, and administrative
costs required to develop and implement the aforementioned projects."

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SECTION 3.
�

Section 328L-3, Hawaii Revised Statutes, is amended by amending
subsection (b) to read as follows:

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"(b)
�

All interest earned from moneys in the emergency and budget reserve fund
shall be credited to the [
emergency and budget reserve fund.
]
climate
mitigation and resiliency special fund established in section
���
-1.
"

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SECTION 4.
�

There is appropriated out of the climate mitigation and resiliency
special fund the sum of $60,000,000 or so much thereof as may be necessary for
fiscal year 2025-2026 and the same sum or so much thereof as may be necessary
for fiscal year 2026-2027 to advance projects addressing climate change
impacts.

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The sums appropriated shall be expended by
the department of defense for the purposes of this Act.

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SECTION 5.
�

The appropriations made by this Act shall not lapse at the end of the
fiscal year for which the appropriation is made; provided that all moneys from the
appropriation unencumbered as of June 30, 2028, shall lapse into the fund from
which appropriated as of that date.
�
Any
unissued balance of any authorization made by this Act as of the close of
business on June 30, 2028, shall lapse.

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SECTION 6.
�

Statutory material to be repealed is bracketed and stricken.
�
New statutory material is underscored.

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SECTION 7.
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This Act, upon its approval, shall take effect on July 1, 2025.

INTRODUCED BY:

_____________________________

BY REQUEST

Report Title:

State Funds; Climate Mitigation and Resiliency Special
Fund; Emergency and Budget Reserve Fund; Department of Defense; Appropriation

Description:

Establishes the Climate Mitigation and Resiliency Special
Fund.
�
Mandates the allocation of all
earned interest from the Emergency and Budget Reserve Fund to the newly
established special fund.
�
Appropriates
funds.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.