SB 2808 Hawaii Senate · 2026 Regular Session

RELATING TO THE BUDGET.

Summary

Establishes the Defeasement Trust Fund within the Department of Budget and Finance for the defeasement of tax-exempt bonds to allow private use of state facilities financed by tax-exempt bonds. Requires the Department to consult with bond counsel before defeasement. Appropriates moneys in and out of the Defeasement Trust Fund for defeasement of certain tax-exempt bonds. Effective 7/1/3000. (HD1)

Bill status passed both 4 of 5 stages cleared

Introduction

Jan 2026

Committee Review

May 2026

Senate Passage

Mar 2026

House Passage

Apr 2026

Governor

Introduced Jan 23, 2026 Last action May 1, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

SB2808_HD1 → SB2808_SD1 · 3 edits

MINOR

The bill was amended to transition from a House version (HD1) to a Senate version (SD1), updating the author's name and internal tracking numbers. The most significant substantive change is the correction of the effective date from the placeholder year 3000 to 2026, ensuring the law will actually take effect in the near future. Other changes involve minor formatting adjustments and rephrasing of text regarding the appropriation of funds for bond defeasement.

Scope change

The bill's scope remains focused on the defeasement of tax-exempt bonds for state facilities, but the timeline for implementation has been corrected from an impossible future date to the current fiscal year.

TIMELINE

The effective date was changed from July 1, 3000, to July 1, 2026, making the law operative in the near term.

TECHNICAL

The bill title and author information were updated to reflect the Senate version, changing the author from Emma Berman to Jill M. Tsuchitori and Ainoa Naniole.

Internal tracking numbers and revision identifiers were updated to match the Senate 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

Amendments

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

Senate disagrees with House amendments.

upper

Apr 16, 2026

Introduced

Received from House (Hse. Com. No. 704).

upper

Apr 14, 2026

Lower · Passed

Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate.

lower

Apr 7, 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; 0 Noes: none; and 0 Excused: none.

lower

Mar 12, 2026

Committee

Referred to FIN, referral sheet 17

lower

Mar 10, 2026

Introduced

Received from Senate (Sen. Com. No. 302) in amended form (SD 1).

lower

Mar 10, 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

Mar 5, 2026

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1).

upper

Mar 4, 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

Feb 27, 2026

Upper · Passed

The committee(s) on WAM has scheduled a public hearing on 03-02-26 10:00AM; Conference Room 211 & Videoconference.

upper

Jan 30, 2026

Committee

Referred to WAM.

upper

Jan 23, 2026

Introduced

Introduced.

upper

3 primary · 0 co-sponsors