Hawaii SB2808: Relating to the Budget.

What the bill says

A bill foran act relating to the budget.

From the engrossed text:

A BILL FORAN ACT RELATING TO THE BUDGET. SECTION 1. The legislature finds that state facilities can be used for both public and private activities to further the economic development of the State. Full use of these facilities provides the maximum benefit to the community. The legislature recognizes that- the Internal Revenue Service has previously determined that facilities financed with tax-exempt bonds may not be used for private activities. Accordingly, the purpose of this Act is to promote the private use of state facilities by creating a trust fund to address tax-exempt bond payments. SECTION 2. Chapter 39, Hawaii Revised Statutes, is amended by adding a new section to part VII to be appropriately designated and to read as established. (a) There is established within the department of budget and finance a defeasement trust fund into which shall be deposited appropriations made by the legislature. The defeasement trust SB2808 SD1 LRB 26-0911.docx MHMMnMin Page 2 S.B. NO. 2808 S.D. fund shall be administered by the department of budget and finance and shall be used to take all actions necessary to defease tax-exempt bonds to allow the private use of state facilities that are financed by tax-exempt bonds; provided that the department shall consult with bond counsel before any defeasement to: (1) Assess the specific impacts of the defeasement necessary to …

Read the full official text

Sponsors

• Dela Cruz, Donovan (D, 17) · primary sponsor
• Troy Hashimoto (D, 5)
• Michelle Kidani (D, 18)

Latest actions

1. May 1, 2026: Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309.
2. May 1, 2026: Conference committee meeting to reconvene on 05-01-26 3:30 PM; Conference Room 309.
3. May 1, 2026: Conference committee meeting to reconvene on 05-01-26 1:00 PM; Conference Room 309.
4. April 30, 2026: Conference committee meeting to reconvene on 05-01-26 11:00AM; Conference Room 309.
5. April 29, 2026: Conference committee meeting scheduled for 04-30-26 11:00AM; CR 309.
6. April 20, 2026: Received notice of Senate conferees (Sen. Com. No. 714).
7. April 20, 2026: Senate Conferees Appointed: Moriwaki Chair; Hashimoto, Fevella.
8. April 20, 2026: Received notice of appointment of House conferees (Hse. Com. No. 787).
9. April 20, 2026: House Conferees Appointed: Takenouchi Chair; Kitagawa, Gedeon.
10. April 16, 2026: Received notice of disagreement (Sen. Com. No. 710).

Votes

• Third Reading with Representative(s) Iwamoto voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1) (April 14, 2026): 50 yea, 0 nay, 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) (April 9, 2026): 50 yea, 0 nay, passed
• FIN: recommend that the measure be PASSED, WITH AMENDMENTS (April 7, 2026): 16 yea, 0 nay, passed
• Passed Third Reading, as amended (SD 1) (March 10, 2026): 25 yea, 0 nay, passed
• WAM: recommend(s) that the measure be PASSED, WITH AMENDMENTS (March 4, 2026): 13 yea, 0 nay, passed

Common questions

What is SB2808?

SB2808 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to the Budget.

What does SB2808 do?

In its own words: A bill foran act relating to the budget.

What is the status of SB2808?

In committee as of May 1, 2026. Latest action: Conference committee meeting to reconvene on 05-01-26 4:30 PM; Conference Room 309. (May 1, 2026).

Who sponsored SB2808?

Dela Cruz, Donovan (D, 17), with 2 co-sponsors.

Where is the official record for SB2808?

On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2808&year=2026