Informing the Legislature that on July 2, 2025, the Governor signed the following bill into law: HB795 HD1 SD1 CD1 (ACT 267).

HB795 (Act 267) directs Hawaii to deposit $1 million from the general fund into the state's emergency and budget reserve fund for fiscal year 2025-2026. This action complies with the Hawaii Constitution, which requires disposing of excess tax revenues after two consecutive years of having them. The reserve fund provides financial flexibility for emergencies, economic downturns, or unexpected revenue shortfalls. The bill took effect on July 1, 2025.