Informing the Legislature that on July 8, 2024, the Governor returned the following bill with specific appropriation item(s) stricken or reduced: HB40 SD1 CD2

This message from Governor Josh Green informs the Hawaii Legislature that he has returned House Bill 40 without approval, effectively vetoing specific funding items. The bill aimed to transfer $300 million to the Emergency and Budget Reserve Fund and $135 million to the Pension Accumulation Fund to handle excess state revenue. The Governor exercised his line-item veto authority to reduce these specific appropriations to $1 each, citing Maui wildfire recovery and other state priorities as reasons why the transfers were unnecessary given current fund balances. Consequently, the bill does not authorize the transfer of these funds as originally proposed.