REQUESTING THE DEPARTMENT OF BUDGET AND FINANCE TO CONDUCT A STUDY ON THE FEASIBILITY AND BENEFITS OF CREATING A STATE-OWNED SOVEREIGN WEALTH FUND.

This bill requests the Hawaii Department of Budget and Finance to study the feasibility and benefits of establishing a state-owned sovereign wealth fund. The proposed fund would invest state assets, such as tourism revenues and budget surpluses, to generate long-term financial returns for the state's residents. The study would examine how the fund could support economic stability, fund infrastructure, and potentially distribute investment earnings to qualified residents as cash dividends. The Department is required to submit a report with findings and recommendations to the Legislature by the end of 2026.