SB 585 Hawaii Senate · 2026 Regular Session

RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST BANA PACIFIC INC.

SB 585 authorizes the issuance of special purpose revenue bonds to fund the construction of a biogas production facility by Bana Pacific Inc. The bill directly affects Bana Pacific Inc. by providing a financing mechanism for their facility, with bonds repaid through the facility's future revenue. Key provisions include enabling the company to borrow funds specifically for this project, backed by the facility's operational income rather than general tax revenue. This policy change creates a dedicated funding stream for the biogas facility without requiring taxpayer money.

Issues: ✓ Energy ✓ Environment

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2026

Senate Passage

Feb 2026

House Passage

Governor

Introduced Jan 17, 2025 Last action Mar 10, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

SB585_SD1 → SB585_SD2 · 3 edits

MINOR

The bill was updated from the first session (SD1) to the second session (SD2), changing the sponsor names and updating internal tracking numbers. The most significant policy change is the effective date of the Act, which was moved from July 1, 2025, to July 1, 2050, delaying when the biogas facility project can begin.

Scope change

The bill's scope regarding the biogas facility authorization remains the same, but its applicability is now delayed by 25 years.

TIMELINE

The effective date for the Act was changed from July 1, 2025, to July 1, 2050, postponing the start of the biogas project.

TECHNICAL

Sponsor names were updated from SMA to Paul Kanoho and Ainoa Naniole, and internal bill tracking numbers were adjusted.

Minor formatting adjustments were made to the legislative findings regarding organic waste and landfill capacity.

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

Mar 10, 2026

Committee

Referred to EEP, FIN, referral sheet 15

lower

Feb 25, 2026

Introduced

Received from Senate (Sen. Com. No. 14) in amended form (SD 2).

lower

Feb 25, 2026

Upper · Passed

Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 24; Aye(s) with reservations: Senator(s) Elefante, Hashimoto, Rhoads, San Buenaventura. Noes, 0 (none). Excused, 1 (Senator(s) Kidani). Transmitted to House.

upper

Feb 19, 2026

Upper · Passed

The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kidani, Richards.

upper

Feb 13, 2026

Upper · Passed

The committee(s) on WAM will hold a public decision making on 02-19-26 10:30AM; Conference Room 211 & Videoconference.

upper

Feb 6, 2025

Upper · Passed

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

upper

Feb 6, 2025

Committee

Reported from EIG (Stand. Com. Rep. No. 57) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 28, 2025

Upper · Passed

The committee(s) on EIG recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EIG were as follows: 3 Aye(s): Senator(s) Wakai, Richards, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Chang, DeCoite.

upper

Jan 24, 2025

Upper · Passed

The committee(s) on EIG has scheduled a public hearing on 01-28-25 3:15PM; Conference Room 016 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to EIG, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

1 primary · 2 co-sponsors