RELATING TO PUMPED STORAGE HYDROPOWER.
What changed between versions
Added Section 2 requiring the Department of Hawaiian Home Lands to conduct a feasibility study evaluating costs, revenue, and environmental impacts before issuing bonds, with a report due 20 days before the 2028 legislative session.
Added Section 3 requiring an environmental impact statement in accordance with Hawaii Revised Statutes Chapter 343, including consultation with the water resource management commission.
Added Section 6 requiring annual progress reports to the legislature detailing expenditures, milestones, and project timelines.
Changed the effective date from July 1, 2025 to July 1, 2050, delaying the implementation of the project by approximately 25 years.
Reordered the funding sections, moving the bond authorization to Section 4 and the expenditure authority to Section 5, with new prerequisite requirements added before funding can be accessed.