Informing the Legislature that on July 8, 2025, the Governor signed the following bill into law: HB794 HD1 SD1 CD1 (ACT 305).

This bill (HB794, Act 305) is a notification that Governor Green signed into law on July 8, 2025, a measure establishing the constitutional declaration for Hawaii's state bond debt limits. It confirms the method for calculating Hawaii's debt limit under Article VII, Section 13 of the state constitution, which requires that total principal and interest on general obligation bonds not exceed 18.5% of the three-year average of general fund revenues. The bill provides specific debt limit figures for fiscal years 2024-2025 through 2028-2029 based on certified revenue data. This affects how Hawaii calculates its borrowing capacity for future bond issuances, ensuring compliance with constitutional debt limits.