HB2339 • 2026

RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS.

Budget Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: NAKAMURA (Introduced by request of another party)
Last action: 2026-05-07
Official status: Transmitted to Governor.
Effective date: Not listed

Plain English Breakdown

The bill summary does not specify the exact amount of revenue bonds authorized or which specific projects will be funded by these bonds.

University of Hawaii Revenue Bonds

This bill allows the University of Hawaii to issue revenue bonds to fund capital improvement projects.

What This Bill Does

Allows the Board of Regents at the University of Hawaii to issue revenue bonds for specific capital improvement projects with approval from the governor.

Who It Names or Affects

The University of Hawaii

Terms To Know

Revenue Bonds: Bonds that are issued to raise money for a project, with the promise that the income generated by the project will pay back the bondholders.
Capital Improvement Projects: Projects that improve or expand existing facilities and infrastructure.

Limits and Unknowns

The exact amount of revenue bonds authorized is not specified in the bill text.
It does not detail which specific projects will be funded by these bonds.

Amendments

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

CD1

Hawaii published version CD1

Plain English: HB2339 CD1 HOUSE OF REPRESENTATIVES H.B.

HB2339 CD1 HOUSE OF REPRESENTATIVES H.B.
NO.
2339 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII S.D.

HD1

Hawaii published version HD1

Plain English: HB2339 HD1 HOUSE OF REPRESENTATIVES H.B.

HB2339 HD1 HOUSE OF REPRESENTATIVES H.B.
NO.
2339 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS.

SD1

Hawaii published version SD1

Plain English: HB2339 SD1 HOUSE OF REPRESENTATIVES H.B.

HB2339 SD1 HOUSE OF REPRESENTATIVES H.B.
NO.
2339 THIRTY-THIRD LEGISLATURE, 2026 H.D.
1 STATE OF HAWAII S.D.

Bill History

2026-05-08 S
Received notice of passage on Final Reading in House (Hse. Com. No. 888).
2026-05-07 H
Transmitted to Governor.
2026-05-06 H
Received notice of Final Reading (Sen. Com. No. 816).
2026-05-06 S
Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
2026-05-06 H
Passed Final Reading as amended in CD 1 with none voting aye with reservations; Representative(s) Amato, Iwamoto voting no (2) and none excused (0).
2026-05-01 S
48 Hrs. Notice (as amended CD 1) 05-06-26
2026-05-01 S
Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 143-26).
2026-05-01 H
Forty-eight (48) hours notice Wednesday, 05-06-26.
2026-05-01 H
Reported from Conference Committee (Conf Com. Rep. No. 143-26) as amended in (CD 1).
2026-05-01 S
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Kim, Hashimoto, DeCorte; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-05-01 H
The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Garrett, Hussey, Kapela, Souza; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
2026-05-01 H
Conference Committee Meeting will reconvene on Friday, 05-01-26 at 5:15PM in Conference Room 229.
2026-04-30 H
Conference Committee Meeting will reconvene on Friday 05-01-26 3:10PM in conference room 229.
2026-04-28 H
Conference Committee Meeting will reconvene on Thursday 04-30-26 3:00PM in conference room 229.
2026-04-27 S
Received notice of change in conferees (Hse. Com. No. 837).
2026-04-24 H
House Conferees Discharged: Representative Amato discharged as Conferee.
2026-04-24 H
Conference Committee Meeting will reconvene on Tuesday 04-28-26 3:00PM in conference room 229.
2026-04-23 H
Bill scheduled for Conference Committee Meeting on Friday, 04-24-26 2:30PM in conference room 229.
2026-04-22 H
Received notice of Senate conferees (Sen. Com. No. 719).
2026-04-21 S
Senate Conferees Appointed: Kim Chair; Hashimoto Co-Chair; DeCorte.
2026-04-20 S
Received notice of appointment of House conferees (Hse. Com. No. 786).
2026-04-20 H
House Conferees Appointed: Garrett, Hussey Co-Chairs; Amato, Kapela, Souza.
2026-04-16 S
Received notice of disagreement (Hse. Com. No. 599).
2026-04-14 H
House disagrees with Senate amendment (s).
2026-04-10 H
Returned from Senate (Sen. Com. No. 557) in amended form (SD 1).
2026-04-10 S
Report Adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2026-04-09 S
One Day Notice 04-10-26.
2026-04-09 S
Reported from WAM (Stand. Com. Rep. No. 3622) with recommendation of passage on Third Reading.
2026-04-06 S
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 12 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Lee, C..
2026-04-01 S
The committee(s) on WAM deferred the measure until 04-06-26 10:31AM; Conference Room 211 & Videoconference.
2026-03-30 S
The committee(s) on WAM will hold a public decision making on 04-01-26 10:03AM; Conference Room 211 & Videoconference.
2026-03-23 S
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2026-03-23 S
Reported from EDU (Stand. Com. Rep. No. 3132) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2026-03-17 S
The committee(s) on EDU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EDU were as follows: 3 Aye(s): Senator(s) Kim, Hashimoto, DeCorte; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Fukunaga.
2026-03-12 S
The committee(s) on EDU has scheduled a public hearing on 03-16-26 1:00PM; Conference Room 229 & Videoconference.
2026-03-10 S
Referred to EDU, WAM.
2026-03-06 S
Passed First Reading.
2026-03-06 S
Received from House (Hse. Com. No. 99).
2026-03-05 H
Passed Third Reading with none voting aye with reservations; Representative(s) Amato, Garcia, Iwamoto voting no (3) and Representative(s) Perruso excused (1). Transmitted to Senate.
2026-03-05 H
Reported from FIN (Stand. Com. Rep. No. 805-26), recommending passage on Third Reading.
2026-02-25 H
The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.
2026-02-23 H
Bill scheduled to be heard by FIN on Wednesday, 02-25-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2026-02-17 H
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with Representative(s) Amato, Garcia voting aye with reservations; none voting no (0) and Representative(s) Cochran, Lee, M., Poepoe excused (3).
2026-02-17 H
Reported from HED (Stand. Com. Rep. No. 302-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2026-02-06 H
The committee on HED recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Garrett, Evslin, Kapela, Kila, La Chica, Olds, Woodson, Muraoka, Souza; Ayes with reservations: Representative(s) Amato; Noes: none; and Excused: none.
2026-02-03 H
Bill scheduled to be heard by HED on Friday, 02-06-26 2:05PM in House conference room 309 VIA VIDEOCONFERENCE.
2026-02-02 H
Referred to HED, FIN, referral sheet 6
2026-01-28 H
Introduced and Pass First Reading.
2026-01-26 H
Pending introduction.

Official Summary Text

RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS.
UH; Board of Regents; Authorization of Revenue Bonds; Capital Improvement Projects; Appropriation
Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the purpose of financing qualifying priority capital improvement projects. Appropriates funds. (CD1)

Current Bill Text

Read the full stored bill text

HB2339

HOUSE OF REPRESENTATIVES

H.B. NO.

2339

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS.

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

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SECTION 1.
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The legislature finds that it is necessary to allow the university of
Hawaii to issue revenue bonds to help address the university's capital facility
needs.
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The construction of new projects
and the renovation, modernization, and major repair of existing facilities have
included, and will continue to include, faculty and student housings,
additional classrooms, laboratories, offices, research facilities, utility
facilities, libraries, student support facilities, athletic facilities, and other
infrastructure requirements.

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The purpose of this Act is to authorize the
board of regents of the university of Hawaii to issue revenue bonds to complete
as many of its priority capital facility construction, renovation,
modernization, and repair projects as possible.

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SECTION 2.
�

The board of regents of the university of Hawaii, with the approval of
the governor, is authorized to issue revenue bonds from time to time to
finance, in whole or in part, the costs of construction or the costs of
maintenance and modernization, or both, of any university project, any
university system, or any network or combination thereof, including reserves
therefor as the board of regents may direct.
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The total principal amount of the revenue bonds authorized by this Act
shall not exceed $
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; provided that neither revenue bonds
issued to refund revenue bonds heretofore issued, to the extent that the
refunding revenue bonds do not exceed the principal amount of the revenue bonds
being refunded, nor revenue bonds of the board outstanding at the effective
date of this Act shall cause the amount of the above authorization to be
decreased.
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The revenue bonds shall be
issued pursuant to part VI of chapter 304A, Hawaii Revised Statutes.
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The principal and interest on the revenue
bonds, to the extent not paid from the proceeds of the bonds, shall be paid
solely from and secured solely by the revenue of the university as defined in
section 304A-2671, Hawaii Revised Statutes.

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SECTION 3.
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There is appropriated out of the revenue bond proceeds and interest
earned thereon authorized by this Act the sum of $
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or so much thereof as may be necessary for
fiscal year 2026-2027 to carry out the purposes of section 2 of this Act;
provided that any unexpended and unencumbered balance of the appropriation
shall not lapse at the end of fiscal year 2026-2027 and shall lapse instead on
June 30, 2031.

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The sum appropriated shall be expended by
the board of regents of the university of Hawaii.

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SECTION 4.
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The university of Hawaii shall notify the legislature upon the issuance
of the revenue bonds authorized by section 2 of this Act, including a detailed
list and description of all projects to be funded through the revenue bonds
authorized by this Act.
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This section
constitutes a law of statewide concern under article X, section 6, of the
Constitution of the State of Hawaii.

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SECTION 5.
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This Act, upon its approval, shall take effect on July 1, 2026.

INTRODUCED BY:

_____________________________

BY
REQUEST

Report Title:

UH; Board of Regents; Authorization of Revenue Bonds;
Capital Improvement Projects

Description:

Authorizes the Board of Regents of the University of
Hawaii to issue revenue bonds for the purpose of financing qualifying priority
capital improvement projects.

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