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Bill

SB 2013

RELATING TO THE REIMBURSEMENT OF DEBT SERVICE ON THE PORTION OF THE TURTLE BAY REIMBURSABLE GENERAL OBLIGATION BONDS FINANCED BY THE LAND CONSERVATION FUND.

2026 Regular Session Introduced by Kurt Fevella and 2 co-sponsors

SB 2013 authorizes Hawaii to reimburse Turtle Bay bond debt service using Land Conservation Fund resources instead of general revenues.

Referred to WLA, WAM.
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Bill Summary · SB 2013

Legislative bill overview

SB 2013 authorizes reimbursement of debt service payments on general obligation bonds issued for the Turtle Bay development project, specifically the portion financed through Hawaii's Land Conservation Fund. The bill would allow the state to use Land Conservation Fund resources to cover bond repayment obligations rather than other general revenue sources.

Why is this important

Turtle Bay is a significant mixed-use development in Hawaii with both commercial and conservation components. This bill determines how the state finances the public infrastructure debt associated with the project—specifically whether conservation-designated funds or general revenues bear the cost, which affects both budget priorities and the availability of conservation funding for other environmental projects.

Potential points of contention

  • Fund designation concerns: Whether using the Land Conservation Fund for debt service on a development project aligns with the fund's original conservation mission and statutory purpose
  • Project economics: Questions about whether the Turtle Bay project should be self-sustaining through project revenues rather than drawing on dedicated conservation funds
  • Precedent setting: Whether this reimbursement mechanism creates a template for future development projects to access conservation funding, potentially diverting resources from land protection and environmental programs

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

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