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SB 1487 Hawaii Senate · 2026 Regular Session

RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS.

Summary
Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the purpose of financing qualifying priority capital improvement projects. Appropriates funds. Effective 7/1/3000. (HD1)
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill authorizes revenue bonds and appropriates funds for UH capital projects, directly advancing budget allocation for public infrastructure under Appropriations ($).95% confidence ✓ EducationSupports EducationAuthorizes UH revenue bonds for capital improvement projects, directly funding higher education infrastructure at University of Hawaii.90% confidence
Bill status passed 3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Mar 2025
Senate Passage
Mar 2025
House Passage
Governor
Introduced Jan 21, 2025 Last action Dec 8, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

SB1487_HD1 → SB1487_SD1 · 3 edits
MINOR
The bill was converted from a House version (HD1) to a Senate version (SD1), updating metadata and formatting. The most significant substantive change is the effective date, which was moved from the distant future of July 1, 3000, to July 31, 2050, making the authorization for university revenue bonds potentially actionable sooner. Minor wording adjustments were made to the description of eligible projects, changing 'housing' to 'housings' and broadening the purpose to include 'as many of its future priority... projects as possible.'
Scope change
The bill's scope regarding eligible projects was slightly broadened to explicitly include 'as many of its future priority capital facility... projects as possible,' and a minor grammatical change was made to list 'housings' instead of 'housing.'
TIMELINE

The effective date of the Act was changed from July 1, 3000, to July 31, 2050, significantly altering when the revenue bond authorization becomes active.

SCOPE

The legislative purpose was updated to authorize funding for 'as many of its future priority capital facility construction, renovation, modernization, and repair projects as possible,' adding a slight emphasis on quantity and future projects.

TECHNICAL

The word 'housing' was changed to 'housings' in the list of eligible facility types, and document metadata was updated to reflect the 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
21
Key actions
7
Committee
9
Mar 17, 2025
Committee
Reported from HED (Stand. Com. Rep. No. 1280) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
lower
Mar 12, 2025
Lower · Passed
The committee on HED recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Garrett, Amato, Evslin, Kapela, Kila, La Chica, Woodson, Souza; Ayes with reservations: Representative(s) Muraoka; Noes: none; and 2 Excused: Representative(s) Olds, Sayama.
lower
Mar 6, 2025
Committee
Referred to HED, FIN, referral sheet 19
lower
Mar 4, 2025
Introduced
Received from Senate (Sen. Com. No. 350) in amended form (SD 1).
lower
Mar 4, 2025
Upper · Passed
Report adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
upper
Feb 26, 2025
Upper · Passed
The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
upper
Feb 14, 2025
Upper · Passed
The committee(s) on WAM will hold a public decision making on 02-18-25 10:01AM; Conference Room 211 & Videoconference.
upper
Feb 14, 2025
Upper · Passed
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
upper
Feb 14, 2025
Committee
Reported from HRE (Stand. Com. Rep. No. 523) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
upper
Feb 11, 2025
Upper · Passed
The committee(s) on HRE recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HRE were as follows: 4 Aye(s): Senator(s) Kim, Kidani, Fukunaga, Hashimoto; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.
upper
Feb 7, 2025
Upper · Passed
The committee(s) on HRE has scheduled a public hearing on 02-11-25 3:10PM; Conference Room 229 & Videoconference.
upper
Jan 27, 2025
Committee
Referred to HRE, WAM.
upper
Jan 23, 2025
Introduced
Introduced and passed First Reading.
upper
Jan 21, 2025
Introduced
Pending Introduction.
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Ron Kouchi
Ron Kouchi
DDemocratic
HI
8