Informing the Legislature that on June 27, 2024, the Governor signed the following bill into law: HB2499 HD2 SD2 CD1 (ACT 111).

This bill informs the legislature that the Governor signed Act 111 into law, which designates the University of Hawaii's chief financial officer as the chief procurement officer for the university system. The legislation extends the expiration date for this designation from June 30, 2021, to June 30, 2028, ensuring the CFO retains this authority for all procurement contracts under Chapter 103D of the Hawaii Revised Statutes. By centralizing procurement authority with the CFO, the bill aims to address concerns regarding the prudent and transparent management of public funds within the university. This change applies specifically to the University of Hawaii system and its purchasing processes, replacing previous arrangements that had shifted procurement oversight to the state procurement office for certain construction-related contracts.