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Bill

HB 1164

RELATING TO HIGHWAY REVENUE BONDS.

2026 Regular Session Introduced by Nadine Nakamura

Hawaii bill authorizes issuance of highway revenue bonds to finance transportation infrastructure using future highway revenues as repayment source.

Carried over to 2026 Regular Session.
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Bill Summary · HB 1164

Legislative bill overview

HB 1164 authorizes Hawaii to issue highway revenue bonds to finance transportation infrastructure projects. The bill enables the state to borrow money backed by future highway-related revenues rather than general tax funds, allowing for capital improvements to roads and related infrastructure.

Why is this important

Highway revenue bonds provide an alternative financing mechanism for transportation infrastructure without immediately raising taxes or drawing from general state revenues. This approach allows states to fund needed road improvements, maintenance, and expansion while spreading costs over time through bond repayment.

Potential points of contention

  • Debt obligations: Creates long-term financial commitments that bind future state budgets and may limit flexibility for other priorities
  • Revenue stream reliability: Repayment depends on sustained highway-related revenues, which could be affected by economic downturns, reduced driving, or shifts to electric vehicles
  • Public accountability: Bond financing can obscure true costs compared to direct taxation, making fiscal impact less transparent to taxpayers

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

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