Informing the Legislature that on June 8, 2026, the Governor signed the following bill into law: HB2547 HD1 SD1 CD1 (ACT 115).

This bill, signed into law on June 8, 2026, authorizes the Director of Finance in Hawaii to invest state surplus funds in short-term investment grade corporate bonds. The legislation amends existing state statutes to include corporate bonds with a minimum rating of AA- or equivalent as an allowable investment option alongside current choices like U.S. government securities and bank deposits. These investments must have a maturity date of no more than five years from the date of purchase, and any income generated will be credited to the respective state funds based on their contributions to the investment pool. The primary goal is to increase investment earnings and make additional resources available for state programs and debt obligations.