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 Senate Resolution asks the Hawaii Department of Budget and Finance to study whether the state should create a sovereign wealth fund, which is an investment account designed to generate long-term financial returns for residents. The proposed fund would invest state assets such as tourism revenues, budget surpluses, and legal settlements outside the regular annual budget to build fiscal stability and support future generations. If the study finds it feasible, the report would include recommendations for potential legislation to establish the fund and distribute some investment earnings directly to qualified residents. This resolution does not create the fund itself but initiates a formal review of its practicality and benefits for the state.