Informing the Legislature that on June 3, 2025, the Governor signed the following bill into law: SB576 SD1 HD2 CD1 (ACT 155).

This bill (SB576, enacted as Act 155) requires state corporations and authorities to submit detailed annual reports to the governor and legislature. It mandates reporting on program development, expenditures, and financial audits, including descriptions of current and planned programs, actual and projected spending, and annual audit results. These reports must be submitted 20 days before each regular legislative session. The bill directly affects state corporations and authorities operating under Hawaii Revised Statutes Chapter 201H and Chapter 356D. The requirements aim to increase transparency in how public funds are managed and spent.