SB 69 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 7/1/2050. (SD1)

Issues: ✓ Housing

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 8, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB69 → SB69_SD1 · 3 edits

MINOR

The bill was amended to change its sponsor from Lance Ching to Jane Lee and updated its metadata to reflect a new legislative session (SD1) and 2025 dates. The most significant substantive change is the addition of an effective date of July 1, 2050, replacing the previous provision that it would take effect upon approval. Additionally, a note was added to the text regarding the use of state depositories for affordable housing, clarifying that this consideration applies starting July 1, 2050.

Scope change

The bill's applicability is now limited to the 2025 legislative session (SD1), and the financial provisions regarding depository selection for affordable housing are deferred until July 1, 2050.

TIMELINE

The effective date was changed from 'upon approval' to 'July 1, 2050', delaying when the new rules regarding depository selection take effect.

REQUIREMENT

A specific note was added to the text requiring the Director of Finance to consider affordable housing lending when selecting depositories, effective July 1, 2050.

TECHNICAL

The bill's sponsor was changed from Lance Ching to Jane Lee, and the document metadata was updated to reflect the SD1 session and new revision numbers.

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 13, 2025

Upper · Passed

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

upper

Feb 13, 2025

Committee

Reported from CPN/HOU (Stand. Com. Rep. No. 452) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 4, 2025

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

upper

Feb 4, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) McKelvey, Awa.

upper

Jan 24, 2025

Upper · Passed

The committee(s) on CPN/HOU has scheduled a public hearing on 01-29-25 9:40AM; Conference Room 229 & Videoconference.

upper

Jan 16, 2025

Committee

Referred to CPN/HOU, WAM.

upper

Jan 15, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 8, 2025

Introduced

Pending Introduction.

upper

4 primary · 1 co-sponsor