Informing the Legislature that on June 4, 2026, the Governor signed the following bill into law: HB2339 HD1 SD1 CD1 (ACT 080).

This bill authorizes the University of Hawaii to issue up to $28.5 million in revenue bonds to fund capital projects such as new construction, renovations, and repairs of facilities including classrooms, laboratories, and student housing. The funds will be used to address the university's infrastructure needs, with the principal and interest on the bonds secured solely by university revenues rather than taxpayer money. Additionally, the legislation requires the university to notify the legislature of specific projects funded by the bonds and includes a provision to assist financially needy students in offsetting potential increases in room and board costs resulting from the new debt. The act takes effect on July 1, 2026, allowing the university to begin financing these priority construction and maintenance efforts.