SB 69 Hawaii Senate · 2025 Regular Session

RELATING TO DEPOSITS OF PUBLIC FUNDS.

Summary

Requires the Director of Finance to consider, before the selection of a depository for the state treasury, the beneficial effects to the State of using depositories within the State, including but not limited to lending at favorable terms for the creation of certain affordable housing units. Effective 7/1/2050. (SD1)

Issues: ✓ Housing

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2025 Last action Feb 13, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB69 → SB69_SD1 · 4 edits

MODERATE

The bill was reformatted from a Senate bill draft to a Senate Draft 1 version with updated metadata and a revised effective date. The core policy content regarding public fund deposits remains substantially the same, though minor text corrections were made throughout. The most significant substantive change is the effective date, which was moved from immediate approval to July 1, 2050.

Scope change

The bill's scope regarding deposit rules and director considerations remains unchanged; only the effective date was modified.

TIMELINE

The effective date was changed from immediate enactment upon approval to July 1, 2050, significantly delaying when the law takes effect.

TECHNICAL

Text corrections were made throughout the document, including fixing typos in bracketed deletions and standardizing formatting.

Metadata headers and document control information were added, including author names, timestamps, and revision numbers.

The document structure was updated from a standard Senate bill format to a Senate Draft 1 template format.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 13, 2025

Committee

Reported from CPN/HOU (Stand. Com. Rep. No. 452) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 4, 2025

Upper · Passed

The committee(s) on HOU recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in HOU were as follows: 4 Aye(s): Senator(s) Chang, Hashimoto, Kanuha, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Aquino.

upper

Feb 4, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) McKelvey, Awa.

upper

Jan 24, 2025

Upper · Passed

The committee(s) on CPN/HOU has scheduled a public hearing on 01-29-25 9:40AM; Conference Room 229 & Videoconference.

upper

Jan 16, 2025

Committee

Referred to CPN/HOU, WAM.

upper

Jan 15, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 8, 2025

Introduced

Pending Introduction.

upper

4 primary · 1 co-sponsor