HOUSE OF REPRESENTATIVES
H.B. NO.
1157
THIRTY-THIRD LEGISLATURE, 2025
STATE OF HAWAII
A BILL FOR AN ACT
RELATING TO CAPITAL ADVANCEMENT CONTRACTS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 266-19.5, Hawaii Revised Statutes, is amended by amending subsection (d) to read as follows:
"(d) The department of transportation may execute capital advancement contracts pursuant to subsection (a) with a total contract value of [[Struck through: $2,000,000]] [Underlined: $5,000,000] or less without legislative approval. [[Struck through: If the total value of a capital advancement contract pursuant to subsection (a) is greater than $2,000,000 then the department of transportation shall obtain legislative approval in the form of the adoption of a concurrent resolution affirming the purpose, project, and contract issuance prior to executing the capital advancement contract.]] The total aggregate value of all capital advancement contracts entered into by the department pursuant to this section shall not exceed [[Struck through: $5,000,000]] [Underlined: $20,000,000] in any [[Struck through: calendar]] [Underlined: fiscal] year. [Underlined: The department shall submit a report to the legislature of all executed capital advancement contracts for the previous twelve month period from July 1 to June 30 no later than twenty days prior to the convening of the regular session of 2026 and each regular session thereafter.]"
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
INTRODUCED BY:
_____________________________
BY REQUEST
Report Title:
DOT; Harbor Improvements; Capital Advancement Contracts
Description:
Amends section 266-19.5(d), HRS, for the purpose of increasing the cap for the contract value of any one capital advancement contract (CAC) and the cap for the total aggregate value of CACs in a fiscal year entered into by the Department of Transportation with private parties for harbor improvements. Adds reporting requirements for the department.
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