Hawaii legislation · 2026 Regular Session
Hawaii SB3218: Relating to Bonds.
Status: Signed into law, May 26, 2026
Conforms county debt limit statements law to permit counties to exclude housing infrastructure growth bonds from the debt limit of the counties if a constitutional amendment authorizing the use of housing infrastructure growth bonds and excluding housing infrastructure growth bonds from determinations of the counties' funded debt is ratified.
What the bill says
A bill for an act relating to bonds. part i.
From the enrolled text:
A BILL FOR AN ACT RELATING TO BONDS. PART I SECTION 1. Section 46-102, Hawaii Revised Statutes, is amended as follows: 1. By adding two new definitions to be appropriately inserted and to read: ""Resilient infrastructure for shelter and equity bonds" has the same meaning as in article VII, section 12, of the Hawaii State Constitution that are issued pursuant to this part. "Transit-oriented development zone" means: (1) For a county with a population of five hundred thousand or more: (A) A transit-oriented development infrastructure improvement program area pursuant to section 206E-243; (B) A transit-oriented development special district established by county ordinance; or 2026-2347 SB3218 CDl SMA-l.docx iHiiiiiiiiiiiiiiiiiinioiiiiiiiiiiiii S.B. NO 5^2 H.D. C.D. (C) An area within a one-half-mile radius of a public transit center or bus hub, as designated by the county; or (2) For a county with a population of less than five hundred (B) An area situated along major bus routes; or (C) An area within a one-half-mile radius of a bus stop, as designated by the respective county." 2. By amending the definitions of "adjustment rate", "assessment base", and "assessment increment" to read: ""Adjustment rate" means a percentage rate or rates of adjustment of the assessment base determined by the director of finance at the time the [tax increment] resilient infrastructure for shelter and equity district …
Sponsors
- Troy Hashimoto (D, 5) · primary sponsor
- Stanley Chang (D, 9)
- Tim Richards (D, SD-004)
- Glenn Wakai (D, 15)
Latest actions
- : Act 031, on 05/22/2026 (Gov. Msg. No. 1131).
- : Act 031, 05/22/2026 (Gov. Msg. No. 1131).
- : Enrolled to Governor.
- : Received notice of passage on Final Reading in House (Hse. Com. No. 888).
- : Received notice of Final Reading (Sen. Com. No. 816).
- : Passed Final Reading as amended in CD 1 with Representative(s) Cochran voting aye with reservations; Representative(s) Iwamoto voting no (1) and Representative(s) Alcos excused (1).
- : Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
- : Forty-eight (48) hours notice Wednesday, 05-06-26.
- : Reported from Conference Committee (Conf Com. Rep. No. 219-26) as amended in (CD 1).
- : 48 Hrs. Notice (as amended CD 1) 05-06-26.
Votes
- Passed Final Reading, as amended (CD 1) (May 6, 2026): 25 yea, 0 nay, passed
- Final Reading as amended in CD 1 with Representative(s) Cochran voting aye with reservations; Representative(s) Iwamoto voting no (1) and Representative(s) Alcos excused (1) (May 6, 2026): 49 yea, 1 nay, passed
- none. (May 1, 2026): 3 yea, 0 nay, passed
- Conference Committee Vote (May 1, 2026): 3 yea, 0 nay, passed
- Third Reading as amended in HD 2 with Representative(s) Cochran voting aye with reservations; Representative(s) Iwamoto voting no (1) and Representative(s) Quinlan excused (1) (April 14, 2026): 49 yea, 1 nay, passed
- FIN: recommend that the measure be PASSED, WITH AMENDMENTS (April 8, 2026): 15 yea, 0 nay, passed
Subjects: Bonds, Report, Housing, Counties, Insurance, Study
Common questions
- What is SB3218?
- SB3218 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to Bonds.
- What does SB3218 do?
- In its own words: A bill for an act relating to bonds. part i.
- What is the status of SB3218?
- Signed into law as of May 26, 2026. Latest action: Act 031, on 05/22/2026 (Gov. Msg. No. 1131). (May 26, 2026).
- Who sponsored SB3218?
- Troy Hashimoto (D, 5), with 3 co-sponsors.
- Where is the official record for SB3218?
- On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=3218&year=2026
Source: official Hawaii record. Tracked by Delilah, AI for legislation across all 50 states and Congress.