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Bill

SB 1476

RELATING TO CAPITAL ADVANCEMENT CONTRACTS.

2026 Regular Session Introduced by Ron Kouchi

Hawaii SB 1476 modifies capital advancement contract regulations, affecting business project financing and potentially state revenue; currently under committee review.

Re-Referred to TRS, WAM.
#capitaladvancementcontracts #dot #harborimprovements
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Bill Summary · SB 1476

Legislative bill overview

SB 1476 addresses capital advancement contracts in Hawaii, though the specific provisions are not detailed in the available legislative history. Based on the bill's title and committee referrals (Tax, Commerce & Consumer Affairs; Ways & Means; Tourism & Recreation), it likely modifies regulations governing how capital funding is advanced or structured for business or development projects in the state.

Why is this important

Capital advancement contracts affect how businesses, developers, and potentially government entities access upfront funding for major projects. Changes to these contract terms could impact project financing feasibility, borrowing costs, and the competitive landscape for Hawaii-based enterprises across various industries.

Potential points of contention

  • Fiscal impact: The bill's referral to Ways & Means suggests potential state budget implications that lawmakers may debate
  • Business regulation scope: Unclear whether the bill expands or restricts capital advancement practices, which could either protect consumers/businesses or limit financing options
  • Implementation timeline: The bill was carried over from 2025 to 2026, indicating possible complexity or disagreement requiring additional legislative session time

Compiled from official sources — confirm details with the bill’s official record.

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