SB 2180 Hawaii Senate · 2026 Regular Session

RELATING TO DEPOSITS OF PUBLIC FUNDS.

Summary

Requires the Director of Finance to consider, before the selection of a depository for the state treasury, the beneficial effects to the State of using depositories within the State, including but not limited to lending at favorable terms for the creation of certain affordable housing units. Effective 1/1/2050. (SD1)

Issues: ✓ Housing

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Feb 2026

Senate Passage

Feb 2026

House Passage

Governor

Introduced Jan 14, 2026 Last action Feb 20, 2026

Maddy AI version diff · 1 comparison

What changed between versions

SB2180 → SB2180_SD1 · 3 edits

MINOR

The bill was updated from its original Senate version to the first Senate District Committee version (SD1), resulting in changes to the bill's metadata, authorship, and effective date. The most significant policy change is that the law's effective date was moved from July 1, 2050, to January 1, 2050, meaning the new rules regarding state bank deposits and affordable housing incentives will now take effect six months earlier.

Scope change

The scope of the bill's applicability remains focused on state depository banks and affordable housing incentives, but the timeline for when these rules apply has been accelerated.

TIMELINE

The effective date of the Act was changed from July 1, 2050, to January 1, 2050.

TECHNICAL

The bill title was updated to reflect 'SB2180 SD1' and the author was changed from Lance Ching to Amy Vickers.

Several internal tracking numbers, revision dates, and template identifiers were updated to reflect the new version of the document.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 20, 2026

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

Feb 20, 2026

Committee

Reported from CPN/HOU (Stand. Com. Rep. No. 2547) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 5, 2026

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 5 Aye(s): Senator(s) Chang, Hashimoto, Rhoads, Fevella; Aye(s) with reservations: Senator(s) Elefante ; 0 No(es): none; and 0 Excused: none.

upper

Feb 4, 2026

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.

upper

Jan 30, 2026

Upper · Passed

The committee(s) on CPN/HOU has scheduled a public hearing on 02-03-26 9:31AM; Conference Room 229 & Videoconference.

upper

Jan 26, 2026

Committee

Referred to CPN/HOU, WAM.

upper

Jan 21, 2026

Introduced

Introduced and passed First Reading.

upper

Jan 14, 2026

Introduced

Pending Introduction.

upper

4 primary · 1 co-sponsor