Informing the Legislature that on July 10, 2024, the Governor signed the following bill into law: HB1801 SD1 CD1 (ACT 253).

This bill serves as a formal declaration by the Hawaii Legislature to inform the public and government officials that Governor Josh Green signed HB1801 into law on July 10, 2024. The legislation, titled Act 253, relates to state bonds and establishes specific debt limits for the state based on a percentage of general fund revenues from previous fiscal years. It explicitly states that the total amount of principal and interest on all outstanding and new general obligation bonds must not exceed these calculated limits to comply with the state constitution. Additionally, the bill provides a detailed table listing the actual debt limits for fiscal years 2020 through 2023 and estimated limits for years 2024 through 2026.