Informing the Legislature that on July 8, 2024, the Governor signed the following bill into law: HB2453 HD1 SD2 CD1 (ACT 218).

This bill, signed into law on July 8, 2024, authorizes the Governor to transfer federal capitalization grant funds between Hawaii's drinking water treatment revolving loan fund and the water pollution control revolving fund. The primary goal is to allow state officials to move up to 33% of a fiscal year's grant amount from one fund to the other to better prioritize infrastructure repairs and address urgent needs like wildfire recovery. By enabling this flexibility, the law aims to ensure federal money is used efficiently for health-protective water and wastewater projects across the state. The legislation also requires the Attorney General to certify the transfer and mandates updates to operating agreements to detail the transfer process.