RELATING TO CORPORATE BONDS.
HB 2547 allows the Director of Finance to invest certain state funds in short-term, investment-grade corporate bonds. This bill directly affects state financial management by expanding permissible investment options for unspent state moneys. The key provision authorizes these specific bond investments while requiring they meet strict credit quality standards. The bill is procedural in nature, focusing solely on enabling this investment method without creating new regulations or altering state obligations.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
May 2026
House Passage
May 2026
Senate Passage
May 2026
Signed into Law
Jun 2026
Introduced Jan 28, 2026
Signed Jun 9, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
HB2547_HD1
→
HB2547_SD1
·
3 edits
MINOR
The bill was amended to transition from a House version to a Senate version, updating the authors and revision numbers. The most significant substantive change is the correction of the effective date from the impossible year 3000 to 2050, ensuring the legislation will take effect in the future rather than centuries from now. The authorization for the Director of Finance to invest state moneys in short-term corporate bonds remains unchanged.
Scope change
The scope of the bill remains the same, authorizing specific state investments, but the timeline for implementation was corrected to a realistic future date.
TIMELINE
The effective date of the Act was changed from July 1, 3000, to July 1, 2050, correcting a likely clerical error that would have prevented the law from ever taking effect.
TECHNICAL
The bill version was updated from House District 1 (HD1) to Senate District 1 (SD1), reflecting its progression through the legislative process.
The bill authors and revision numbers were updated to reflect the new Senate version.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
42
Key actions
17
Committee
14
Amendments
3
May 6, 2026
Lower · Passed
Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
lower
May 6, 2026
Upper · Passed
Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
upper
May 1, 2026
Introduced
48 Hrs. Notice (as amended CD 1) 05-06-26
upper
May 1, 2026
Upper · Passed
Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 139-26).
upper
May 1, 2026
Lower · Passed
Reported from Conference Committee (Conf Com. Rep. No. 139-26) as amended in (CD 1).
lower
May 1, 2026
Upper · Passed
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 2 Aye(s): Senator(s) Moriwaki, Kanuha; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
upper
May 1, 2026
Lower · Passed
The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Takenouchi, Kitagawa, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
lower
May 1, 2026
Upper · Passed
Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309.
upper
May 1, 2026
Upper · Passed
Conference committee meeting to reconvene on 05-01-26 3:30 PM; Conference Room 309.
upper
May 1, 2026
Upper · Passed
Conference committee meeting to reconvene on 05-01-26 1:00 PM; Conference Room 309.
upper
Apr 30, 2026
Upper · Passed
Conference committee meeting to reconvene on 05-01-26 11:00AM; Conference Room 309.
upper
Apr 29, 2026
Upper · Passed
Conference committee meeting scheduled for 04-30-26 11:00AM; CR 309.
upper
Apr 16, 2026
Amended
House disagrees with Senate amendment (s).
lower
Apr 14, 2026
Introduced
Returned from Senate (Sen. Com. No. 702) in amended form (SD 1).
lower
Apr 14, 2026
Upper · Passed
Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
upper
Apr 10, 2026
Upper · Passed
Report adopted; Passed Second Reading, as amended (SD 1).
upper
Apr 9, 2026
Upper · Passed
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.
upper
Apr 8, 2026
Upper · Passed
The committee(s) on WAM has scheduled a public hearing on 04-09-26 10:31AM; Conference Room 211 & Videoconference.
upper
Mar 12, 2026
Committee
Referred to WAM.
upper
Mar 12, 2026
Introduced
Received from House (Hse. Com. No. 436).
upper
Mar 10, 2026
Lower · Passed
Passed Third Reading with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.
lower
Feb 25, 2026
Lower · Passed
The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. 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.
lower
Feb 2, 2026
Committee
Referred to FIN, referral sheet 6
lower
Jan 28, 2026
Introduced
Introduced and Pass First Reading.
lower
7 primary · 0 co-sponsors
Sponsors
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