RELATING TO THE STATE RISK MANAGEMENT REVOLVING FUND.

Budget Education

Passed Legislature

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

Sponsor: MCKELVEY, CHANG, HASHIMOTO
Last action: 2026-05-08
Official status: Enrolled to Governor.
Effective date: Not listed

Plain English Breakdown

The bill does not specify which state facilities will receive funding or how funds are allocated among them.

State Risk Management Revolving Fund Increase

This bill increases the expenditure ceiling of the State Risk Management Revolving Fund to distribute insurance proceeds from the 2023 Maui wildfires and requires coordinated planning for rebuilding state facilities in Lahaina.

What This Bill Does

Increases the spending limit on the State Risk Management Revolving Fund to use insurance money from the 2023 Maui wildfires.
Requires the Department of Accounting and General Services (DAGS) to work with other agencies, the County of Maui, and private entities to create a master coordinated project plan for rebuilding Lahaina.
Appropriates $211 million from the State Risk Management Revolving Fund to rebuild state facilities damaged by the wildfires.
Requires monthly progress reports on rebuilding efforts to be sent to the Governor and Legislature.

Who It Names or Affects

The Department of Accounting and General Services (DAGS)
The Department of Education
The Department of Transportation
The Department of Land and Natural Resources

Terms To Know

State Risk Management Revolving Fund: A fund used by the state to manage risks, including insurance claims for damages.
Master Coordinated Project Plan: A detailed plan that outlines how different agencies will work together to rebuild Lahaina after the wildfires.

Limits and Unknowns

The bill does not specify what happens if full funding for rebuilding projects is not available.
It's unclear who will be responsible for ensuring that all necessary materials are provided for construction.

Amendments

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

CD1

Hawaii published version CD1

Plain English: SB2930 CD1 THE SENATE S.B.

SB2930 CD1 THE SENATE S.B.
NO.
2930 THIRTY-THIRD LEGISLATURE, 2026 S.D.
2 STATE OF HAWAII H.D.

HD1

Hawaii published version HD1

Plain English: SB2930 HD1 THE SENATE S.B.

SB2930 HD1 THE SENATE S.B.
NO.
2930 THIRTY-THIRD LEGISLATURE, 2026 S.D.
2 STATE OF HAWAII H.D.

SD1

Hawaii published version SD1

Plain English: SB2930 SD1 THE SENATE S.B.

SB2930 SD1 THE SENATE S.B.
NO.
2930 THIRTY-THIRD LEGISLATURE, 2026 S.D.
1 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE STATE RISK MANAGEMENT REVOLVING FUND .

SD2

Hawaii published version SD2

Plain English: SB2930 SD2 THE SENATE S.B.

SB2930 SD2 THE SENATE S.B.
NO.
2930 THIRTY-THIRD LEGISLATURE, 2026 S.D.
2 STATE OF HAWAII A BILL FOR AN ACT RELATING TO THE STATE RISK MANAGEMENT REVOLVING FUND .

Bill History

2026-05-08 S
Enrolled to Governor.
2026-05-08 S
Received notice of passage on Final Reading in House (Hse. Com. No. 888).
2026-05-06 H
Received notice of Final Reading (Sen. Com. No. 816).
2026-05-06 H
Passed Final Reading as amended in CD 1 with Representative(s) Cochran voting aye with reservations; none voting no (0) and Representative(s) Alcos excused (1).
2026-05-06 S
Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none).
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. 228-26) as amended in (CD 1).
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. 228-26).
2026-05-01 H
The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Sayama, Lee, M., Gedeon; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
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) McKelvey, Hashimoto, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-04-30 S
Received notice of appointment of House conferees (Hse. Com. No. 880).
2026-04-30 S
Conference committee meeting scheduled for 05-01-26 10:30AM; Conference Room 016.
2026-04-30 H
House Conferees Appointed: Sayama, Lee, M. Co-Chairs; Gedeon.
2026-04-29 H
Received notice of Senate conferees (Sen. Com. No. 793).
2026-04-29 S
Senate Conferees Appointed: McKelvey Chair; Hashimoto Co-Chair; Awa.
2026-04-16 H
Received notice of disagreement (Sen. Com. No. 710).
2026-04-16 S
Senate disagrees with House amendments.
2026-04-16 S
Received from House (Hse. Com. No. 717).
2026-04-14 H
Passed Third Reading with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.
2026-04-10 H
Deferred one day 04-14-26.
2026-04-10 H
Reported from FIN (Stand. Com. Rep. No. 2059-26), recommending passage on Third Reading.
2026-04-07 H
The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Morikawa.
2026-04-02 H
Bill scheduled for decision making on Tuesday, 04-07-26 10:10AM in conference room 308 VIA VIDEOCONFERENCE.
2026-04-02 H
The committee(s) on FIN recommend(s) that the measure be deferred until 04-07-26.
2026-03-31 H
Bill scheduled to be heard by FIN on Thursday, 04-02-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2026-03-30 H
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Lowen, Perruso, Quinlan excused (4).
2026-03-30 H
Reported from LAB (Stand. Com. Rep. No. 1451-26) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2026-03-24 H
The committee on LAB recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Sayama, Lee, M., Garrett, Kapela, Kong, Reyes Oda; Ayes with reservations: none; Noes: none; and Excused: none.
2026-03-20 H
Bill scheduled to be heard by LAB on Tuesday, 03-24-26 9:30AM in House conference room 309 VIA VIDEOCONFERENCE.
2026-03-12 H
Referred to LAB, FIN, referral sheet 17
2026-03-12 H
Pass First Reading
2026-03-10 H
Received from Senate (Sen. Com. No. 322) in amended form (SD 2).
2026-03-10 S
Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2026-03-06 S
48 Hrs. Notice 03-10-26.
2026-03-06 S
Reported from WAM (Stand. Com. Rep. No. 3005) with recommendation of passage on Third Reading, as amended (SD 2).
2026-03-04 S
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-03-02 S
The committee(s) on WAM will hold a public decision making on 03-04-26 10:31AM; Conference Room 211 & Videoconference.
2026-02-19 S
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2026-02-19 S
Reported from GVO (Stand. Com. Rep. No. 2414) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2026-02-10 S
The committee(s) on GVO recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in GVO were as follows: 5 Aye(s): Senator(s) McKelvey, Gabbard, Hashimoto, Moriwaki, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2026-02-05 S
The committee(s) on GVO deferred the measure until 02-10-26 3:00PM; Conference Room 225 & Videoconference.
2026-02-02 S
The committee(s) on GVO has scheduled a public hearing on 02-05-26 3:01PM; CR 225 & Videoconference.
2026-01-30 S
Referred to GVO, WAM.
2026-01-26 S
Passed First Reading.
2026-01-23 S
Introduced.

Official Summary Text

RELATING TO THE STATE RISK MANAGEMENT REVOLVING FUND.
DAGS; DOE; SFA; DOT; DLNR; State Risk Management Revolving Fund; Wildfires; King Kamehameha III Elementary School; Report; Appropriations ($)
Increases the expenditure ceiling and appropriates funds out of the State Risk Management Revolving Fund to distribute property and liability insurance proceeds related to the 2023 Maui wildfires to be expended by the School Facilities Authority, Department of Transportation, and Department of Land and Natural Resources to rebuild and restore certain state facilities in Lahaina. Requires the Department of Accounting and General Services to submit to the Legislature a master coordinated project plan developed in collaboration with certain state agencies and in consultation with the County of Maui and other relevant entities. Requires the Department of Education to transfer exclusive site control over the new King Kamehameha III Elementary School property to the SFA while the School is under construction. Requires DAGS to transfer to the SFA any materials deemed necessary for the construction of the School and to provide further support as necessary upon request. Requires the SFA to submit monthly progress reports to the Governor and Legislature. Allows the Governor to transfer certain authorities and responsibilities from the SFA to another state agency under certain conditions. Requires full funding for the projects for which funds are appropriated to be available before expenditure. (CD1)

Current Bill Text

Read the full stored bill text

SB2930

THE SENATE

S.B. NO.

2930

THIRTY-THIRD LEGISLATURE, 2026

STATE OF HAWAII

A BILL FOR AN ACT

relating
to the state risk management revolving fund
.

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

����
SECTION 1.
�
The
legislature finds that, due to insurance claims for losses to state facilities
and other state property damaged or destroyed in Lahaina by the 2023 Maui
wildfires, the State has received property and liability proceeds that are
intended to be used to repair, rebuild, and restore impacted state facilities
and infrastructure.
�
The legislature
further finds that the expenditure of funds from the state risk management
revolving fund is subject to legislative appropriation and expenditure limits,
and that an increase to the fund's expenditure ceiling is necessary to allow
the timely use of these insurance proceeds for the rebuilding of state
facilities in Lahaina.

����
The legislature further finds that
rebuilding efforts in Lahaina involve multiple state agencies, the county of
Maui, and private entities.
�
Absent
coordinated planning between these parties, rebuilding efforts may occur within
silos and result in duplicate work and funding, extended timelines, and
inefficient use of limited public and private resources.
�
Without a master coordinated project
spreadsheet, critical state rebuilding projects that could be funded through
the state risk management revolving fund may proceed through the traditional
capital improvement project process, which may impact funding for other
critical projects in the State and reduce the State's ability to fully utilize
available insurance proceeds in the state risk management revolving fund for
disaster-related losses to state facilities.

����
The legislature also finds that the
development of a master coordinated project spreadsheet for the rebuilding of
Lahaina, in collaboration with the relevant state agencies, the county of Maui,
and other appropriate private entities, will enable the State to align
projects, map shared infrastructure needs, identify opportunities to leverage
shared resources, and conserve and maximize the insurance proceeds in the state
risk management revolving fund.
�
The
legislature notes that this master coordinated project spreadsheet should be a
condition precedent to the authorization of an increase to the expenditure
ceiling of the state risk management revolving fund for the recovery of Lahaina
to ensure that, to the fullest extent practicable, moneys in the fund are
leveraged to rebuild all state facilities in Lahaina and the rebuilding is
financed.

����
Accordingly, the purpose of this Act is to:

����
(1)
�
Increase
the expenditure ceiling and appropriate funds out of the state risk management
revolving fund
established by section 41D-4, Hawaii Revised Statutes, to
enable the department of accounting and general services, state risk management
and insurance administration to expend and distribute property and liability
insurance proceeds related to the 2023 Maui wildfires for the rebuilding and
restoration of state facilities in Lahaina; and

����
(2)
�
Require
the department of accounting and general services to submit a master
coordinated project spreadsheet to the legislature in collaboration with
certain state agencies, the county of Maui, and relevant private entities.

����
SECTION 2.
�

There is appropriated out of the state risk management revolving fund
established by section 41D-4, Hawaii Revised Statutes, the sum of $211,000,000
or so much thereof as may be necessary for fiscal year 2026-2027 for the
transfer and distribution of property and liability insurance proceeds related
to the 2023 Maui wildfires; provided that the department of accounting and
general services shall submit a master coordinated project spreadsheet to the
legislature in collaboration with the following state agencies:

����
(1)
�
The
department of land and natural resources' division of boating and ocean recreation;

����
(2)
�
The
department of education;

����
(3)
�
The
department of transportation; and

����
(4)
�
Any
other state agency the department of accounting and general services deems
necessary;

provided
further that the department of accounting and general services shall consult
with the county of Maui and any other relevant entities the department of
accounting and general services deems necessary to outline the infrastructure
redevelopment of Lahaina and help facilitate a master coordinated project
spreadsheet that will allow all involved agencies and relevant entities to
participate in a meaningful and coordinated rebuilding of Lahaina.

����
The sum appropriated shall be expended by
the department of accounting and general services, state risk management and
insurance administration (AGS203 W 27-321-M), for the purposes of this Act,
with the approval of the comptroller.

����
SECTION 3.
�

This Act shall take effect on July 1, 2026.

INTRODUCED BY:

_____________________________

Report Title:

DAGS;
State Risk Management Revolving Fund; Wildfires; Report; Appropriation

Description:

Increases
the expenditure ceiling and appropriates funds out of the State Risk Management
Revolving Fund
established by section 41D-4, HRS, to enable the
Department of Accounting and General Services, State Risk Management and
Insurance Administration to transfer and distribute property and liability
insurance proceeds related to the 2023 Maui wildfires to applicable accounts.
�
Requires DAGS to submit a master coordinated
project spreadsheet to the Legislature in collaboration with certain state
agencies, the County of Maui, and other relevant entities.

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