STATE BILLHI SB 2808ENGROSSED

Relating To The Budget.

State of Hawaii

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)

Status
Engrossed
Passed its first chamber
Status date
Mar 10, 2026
247 days ago
Current chamber
Senate
Session
2026 Regular Session
HI SB 2808 · EngrossedMar 10

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Bill details

Last action
Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309. · May 1, 2026

Sponsors

DCDonovan CruzSenator · Democrat · SD-017Primary sponsor
THTroy HashimotoSenator · Democrat · SD-005Primary sponsor
MKMichelle KidaniSenator · Democrat · SD-018Primary sponsor

Bill history

Newest first.

May 1, 2026Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309.Senate
May 1, 2026Conference committee meeting to reconvene on 05-01-26 3:30 PM; Conference Room 309.Senate
May 1, 2026Conference committee meeting to reconvene on 05-01-26 1:00 PM; Conference Room 309.Senate
Apr 30, 2026Conference committee meeting to reconvene on 05-01-26 11:00AM; Conference Room 309.Senate
Apr 29, 2026Conference committee meeting scheduled for 04-30-26 11:00AM; CR 309.Senate
Apr 20, 2026Received notice of Senate conferees (Sen. Com. No. 714).House
Apr 20, 2026Senate Conferees Appointed: Moriwaki Chair; Hashimoto, Fevella.Senate
Apr 20, 2026Received notice of appointment of House conferees (Hse. Com. No. 787).Senate
Show 22 earlier actions
Apr 20, 2026House Conferees Appointed: Takenouchi Chair; Kitagawa, Gedeon.House
Apr 16, 2026Received notice of disagreement (Sen. Com. No. 710).House
Apr 16, 2026Senate disagrees with House amendments.Senate
Apr 16, 2026Received from House (Hse. Com. No. 704).Senate
Apr 14, 2026Passed Third Reading with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1). Transmitted to Senate.House
Apr 9, 2026Passed 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).House
Apr 9, 2026Reported 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.House
Apr 7, 2026The 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.House
Apr 2, 2026Bill scheduled to be heard by FIN on Tuesday, 04-07-26 2:00PM in House conference room 308 VIA VIDEOCONFERENCE.House
Mar 12, 2026Referred to FIN, referral sheet 17House
Mar 12, 2026Pass First ReadingHouse
Mar 10, 2026Received from Senate (Sen. Com. No. 302) in amended form (SD 1).House
Mar 10, 2026Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Senate
Mar 5, 202648 Hrs. Notice 3/10/2026.Senate
Mar 5, 2026Report adopted; Passed Second Reading, as amended (SD 1).Senate
Mar 5, 2026Reported 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.Senate
Mar 4, 2026The 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.Senate
Mar 2, 2026The committee(s) on WAM deferred the measure until 03-04-26 10:32AM; Conference Room 211 & Videoconference.Senate
Feb 27, 2026The committee(s) on WAM has scheduled a public hearing on 03-02-26 10:00AM; Conference Room 211 & Videoconference.Senate
Jan 30, 2026Referred to WAM.Senate
Jan 26, 2026Passed First Reading.Senate
Jan 23, 2026Introduced.Senate

Recorded vote

Senate Ways and Means: Passed, With AmendmentsMar 4, 2026 · Senate · 13 yea · 0 nayPassed

Subjects

  • B&F
  • Defeasement Trust Fund
  • Tax-Exempt Bonds
  • State Facilities
  • Private Use
  • Appropriation ($)

Read the bill at the source

This page follows the bill as the legislature records it. For the bill's full text and the official record, use the legislature's own site.

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