Informing the Legislature that on May 19, 2025, the Governor signed the following bill into law: HB1156 HD1 SD1 CD1 (ACT 070).

This bill authorizes Hawaii's state department to issue up to $600 million in special facility revenue bonds for maritime infrastructure projects, such as port facilities. It allows the department to enter into leases with private maritime businesses for constructing, remodeling, or equipping these facilities on state-owned land. The bill also permits the department to issue refunding bonds to replace existing bonds without requiring new legislative approval. This law primarily affects state agencies and maritime businesses by creating a streamlined financing mechanism for port and maritime infrastructure development.