RELATING TO CAPITAL IMPROVEMENT PROJECTS FOR THE BENEFIT OF THE ISLAND OF HAWAII.

2025 Regular Session Introduced by Matthias Kusch

House Bill 1355 allocates funds and authorizes bonds for capital improvement projects on the Island of Hawaii, enhancing infrastructure and public services for residents.

Carried over to 2026 Regular Session.

#appropriation($) #cip #gobonds #islandofhawaii

Bill Information

Bill Number: HB 1355

Title: Relating to Capital Improvement Projects for the Benefit of the Island of Hawaii

Status: Referred to FIN, referral sheet 4

Introduced: January 31, 2025

Classification: Bill

Subject: Appropriation ($), Capital Improvement Projects (CIP), General Obligation (GO) Bonds, Island of Hawaii

Purpose and Intent

House Bill 1355 aims to facilitate the funding and execution of capital improvement projects specifically for the Island of Hawaii. The bill seeks to allocate financial resources through appropriations and the issuance of general obligation bonds to enhance infrastructure and public facilities on the island.

Key Provisions

Appropriations: The bill outlines specific appropriations to be made for various capital improvement projects that will benefit the residents and infrastructure of the Island of Hawaii.

General Obligation Bonds: It authorizes the issuance of general obligation bonds to finance these projects, ensuring that the necessary funds are available for timely execution.

Project Scope: While the bill does not specify individual projects, it emphasizes improvements that will enhance public services, infrastructure, and community facilities.

Affected Parties

Residents of Hawaii: The primary beneficiaries of the bill will be the residents of the Island of Hawaii, who will experience improved infrastructure and public services.

Local Government: The bill will impact local government agencies responsible for implementing and managing these capital improvement projects.

Contractors and Service Providers: Local contractors and service providers may benefit from increased opportunities for work related to the funded projects.

Procedural Aspects

Referral Status: As of now, HB 1355 has been referred to the Finance Committee (FIN) for further consideration.

Timeline: The bill was introduced on January 31, 2025, and is currently in the early stages of the legislative process. Further actions and discussions will determine its progression through the legislative assembly.

Conclusion

House Bill 1355 represents a significant legislative effort to secure funding for essential capital improvement projects on the Island of Hawaii. By authorizing appropriations and the issuance of general obligation bonds, the bill aims to enhance the quality of life for residents and strengthen the island's infrastructure. The ongoing legislative process will determine the final outcome and specific projects funded under this initiative.

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