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SB2808HIEngrossed 2026 Regular Session

Relating To The Budget.

Last status update Mar 10, 2026

What this measure contains

Establishes the Defeasement Trust Fund within the Department of Budget and Finance for the defeasement of tax-exempt bonds to allow private use of state facilities financed by tax-exempt bonds. Requires the Department to consult with bond counsel before defeasement. Appropriates moneys in and out of the Defeasement Trust Fund for defeasement of certain tax-exempt bonds. Effective 7/1/3000. (HD1)

Source summary of the imported measure. Amendments can change the wording; read a specific version for its complete provisions.

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Read the full bill at its source ↗
Source: legiscan· Loaded Oct 30, 2026· Snapshot export date not suppliedOriginal record ↗

Bill text and versions

Drafts can change as a measure moves through the Legislature. Check the version attached to a recorded vote.

How this measure moved

Legislative path

Each stage below is a recorded decision from the official measure history, attached to the draft it considered. A member's row follows their votes from the first draft to the latest, and a highlighted vote marks where it changed. Committee and conference votes list every member by name. Floor votes list only exceptions; members serving that day who aren't named are shown as ayes in a dashed outline.

  1. Introduced
  2. SD1by WAM
  3. HD1by FIN

Decision stages

  1. Ways and Means (WAM) on the introduced draft: Passed, with amendments, reported as SD1

    13 aye · 0 no · 0 excused · Source roll call

  2. Senate third reading on SD1: Passed

    25 aye · 0 no · 0 excused

  3. House FIN committee on SD1: Passed, with amendments, reported as HD1

    16 aye · 0 no · 0 excused

  4. House second reading on HD1: Passed

    49 aye · 0 no · 1 excused

  5. House third reading on HD1: Passed

    49 aye · 1 aye with reservations · 0 no · 1 excused

Senate members along the path

Senate members' votes at each stage of SB2808
MemberWAM
Introduced		Third reading
SD1		Change along the path
Lynn DecoiteSD-007AyeAye
Donovan CruzSD-017AyeAye
Brandon ElefanteSD-016AyeAye
Kurt FevellaSD-020AyeAye
Troy HashimotoSD-005AyeAye
Lorraine InouyeSD-001AyeAye
Dru KanuhaSD-003AyeAye
Michelle KidaniSD-018AyeAye
Donna KimSD-014AyeAye
Chris LeeSD-025AyeAye
Sharon MoriwakiSD-012AyeAye
Tim RichardsSD-004AyeAye
Glenn WakaiSD-015AyeAye
12 more Senate members only counted as floor ayes
MemberWAM
Introduced		Third reading
SD1		Change along the path
Brenton AwaSD-023Aye
Stanley ChangSD-009Aye
Samantha DeCorteSD-022Aye
Rachele Fernandez LamosaoSD-019Aye
Carol FukunagaSD-011Aye
Mike GabbardSD-021Aye
Les IharaSD-010Aye
Jarrett KeohokaloleSD-024Aye
Ronald KouchiSD-008Aye
Angus McKelveySD-006Aye
Karl RhoadsSD-013Aye
Joy San BuenaventuraSD-002Aye

House members along the path

House members' votes at each stage of SB2808
MemberFIN
SD1		Second reading
HD1		Third reading
HD1		Change along the path
David AlcosHD-041AyeAyeAye
Elle CochranHD-014ExcusedAye
Joe GedeonHD-018AyeAyeAye
Daisy HartsfieldHD-036AyeAyeAye
Ikaika HusseyHD-029AyeAyeAye
Kim IwamotoHD-025AyeAye*Added reservations at House third reading (HD1)
Sue Keohokapu-Lee LoyHD-002AyeAyeAye
Lisa KitagawaHD-048AyeAyeAye
Matthias KuschHD-001AyeAyeAye
Mike LeeHD-050AyeAyeAye
Tyson MiyakeHD-010AyeAyeAye
Daynette MorikawaHD-017AyeAyeAye
Amy PerrusoHD-046AyeAyeAye
Sean QuinlanHD-047AyeExcused
Julie Reyes OdaHD-040AyeAyeAye
Jenna TakenouchiHD-027AyeAyeAye
Shirley Ann TemploHD-030AyeAyeAye
Chris ToddHD-003AyeAyeAye
Kyle YamashitaHD-012AyeAyeAye
32 more House members only counted as floor ayes
MemberFIN
SD1		Second reading
HD1		Third reading
HD1		Change along the path
Terez AmatoHD-011AyeAye
Della au BelattiHD-026AyeAye
Cory ChunHD-035AyeAye
Luke EvslinHD-016AyeAye
Diamond GarciaHD-042AyeAye
Andrew GarrettHD-022AyeAye
Tina GrandinettiHD-020AyeAye
Mark HashemHD-019AyeAye
Linda IchiyamaHD-031AyeAye
Greggor IlaganHD-004AyeAye
Kirstin KahaloaHD-006AyeAye
Jeanne KapelaHD-005AyeAye
Darius KilaHD-044AyeAye
Sam KongHD-033AyeAye
Trish La ChicaHD-037AyeAye
Nicole LowenHD-007AyeAye
Lisa MartenHD-051AyeAye
Scot MatayoshiHD-049AyeAye
Lauren MatsumotoHD-038AyeAye
Chris MuraokaHD-045AyeAye
Nadine NakamuraHD-015AyeAye
Ikaika OldsHD-023AyeAye
Elijah PierickHD-039AyeAye
Mahina PoepoeHD-013AyeAye
Michael RatcliffeHD-028Aye
Jackson SayamaHD-021AyeAye
Garner ShimizuHD-032AyeAye
Kanani SouzaHD-043AyeAye
Gregg TakayamaHD-034AyeAye
Adrian TamHD-024AyeAye
David TarnasHD-008AyeAye
Justin WoodsonHD-009AyeAye

Aye named · Aye* with reservations · Aye floor vote, not named as an exception · No · Excused · Changed reversed from the previous vote

Names are matched to legislators only when exactly one person fits; every printed name on this measure was matched. A missing vote means no record was found for that member at that stage, not a no vote. Committee codes follow the Legislature's abbreviations.Official measure history ↗

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Legislative history

  1. Introduced.

  2. Passed First Reading.

  3. Referred to WAM.

  4. The committee(s) on WAM has scheduled a public hearing on 03-02-26 10:00AM; Conference Room 211 & Videoconference.

  5. The committee(s) on WAM deferred the measure until 03-04-26 10:32AM; Conference Room 211 & Videoconference.

  6. The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Richards, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

  7. Reported from WAM (Stand. Com. Rep. No. 2875) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.

  8. Report adopted; Passed Second Reading, as amended (SD 1).

  9. 48 Hrs. Notice 3/10/2026.

  10. Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

  11. Received from Senate (Sen. Com. No. 302) in amended form (SD 1).

  12. Pass First Reading

  13. Referred to FIN, referral sheet 17

  14. Bill scheduled to be heard by FIN on Tuesday, 04-07-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.

  15. The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 16 Ayes: Representative(s) Todd, Takenouchi, Hartsfield, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lee, M., Miyake, Morikawa, Perruso, Templo, Yamashita, Alcos, Gedeon, Reyes Oda; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

  16. Reported from FIN (Stand. Com. Rep. No. 1988-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.

  17. Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).

  18. Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate.

  19. Received from House (Hse. Com. No. 704).

  20. Senate disagrees with House amendments.

  21. Received notice of disagreement (Sen. Com. No. 710).

  22. House Conferees Appointed: Takenouchi Chair; Kitagawa, Gedeon.

  23. Received notice of appointment of House conferees (Hse. Com. No. 787).

  24. Senate Conferees Appointed: Moriwaki Chair; Hashimoto, Fevella.

  25. Received notice of Senate conferees (Sen. Com. No. 714).

  26. Conference committee meeting scheduled for 04-30-26 11:00AM; CR 309.

  27. Conference committee meeting to reconvene on 05-01-26 11:00AM; Conference Room 309.

  28. Conference committee meeting to reconvene on 05-01-26 1:00 PM; Conference Room 309.

  29. Conference committee meeting to reconvene on 05-01-26 3:30 PM; Conference Room 309.

  30. Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309.

Bill sponsors