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THE SENATE |
S.B. NO. |
1624 |
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THIRTY-THIRD LEGISLATURE, 2025 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the university of hawaii.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature further finds that it is its responsibility to monitor and review the use of funds to renew, improve, and modernize existing university facilities. To maintain transparency and accountability in the allocation and expenditure of these funds, it is necessary to require that the university of Hawaii provide detailed reports on projects that receive renew, improve, and modernize project funding.
Accordingly, the purpose of this Act is to require that the board of regents expend funds appropriated to renew, improve, and modernize projects for renew, improve, and modernize projects purposes only.
SECTION 2. Section 304A-2672, Hawaii Revised Statutes, is amended to read as follows:
"§304A-2672 Powers of the board. Notwithstanding any law to the contrary, the
board may:
(1) Designate as a university project, any
undertaking, improvement, or facility on any one or more of the areas in one or
more of the educational institutions under the jurisdiction of the board;
(2) Construct
and maintain university projects, including a university project included or to
be in a university system;
(3) Expend funds for renew, improve, and
modernize projects on any one or more of the areas in one or more of the
educational institutions under the jurisdiction of the board; provided that the
board shall not expend these funds on current, ongoing, or anticipated capital
improvement projects; provided further that the board shall submit an annual
report detailing the renew, improve, and modernize projects that received
funding to the legislature no later than twenty days prior to the convening of
each regular session;
[(3)] (4)
Combine two or more university projects into a university system on one
or more of the areas on any one or more of the educational institutions under
the jurisdiction of the board, and to maintain the system;
[(4)] (5)
Combine two or more university projects, university systems, or
university projects and university systems into a network, on any one or more
of the areas on any one or more of the educational institutions under the
jurisdiction of the board, and to maintain the network;
[(5)] (6)
Prescribe and collect rents, fees, and charges for the use of or
services furnished by any university project and the facilities thereof, and
pledge any appropriation to any university project and the facilities thereof
that in aggregate, produces revenue of the university at least sufficient to
comply with section 304A-2681;
[(6)] (7)
With the approval of the governor, issue revenue bonds under this
subpart in such principal amount as may be authorized by the legislature from
time to time to finance in whole or in part the cost of construction or the
cost of maintenance of any university project, including funding reserves
therefor;
[(7)] (8)
Pledge to the punctual payment of revenue bonds and interest thereon,
all or any part of the revenue of the university, including any appropriation,
in an amount sufficient to pay the revenue bonds and interest as the same
become due and to create and maintain reasonable reserves therefor;
[(8)] (9)
Establish a loan program or a commercial paper program upon terms and
conditions that the board may determine; and
[(9)] (10)
Advance moneys of the university, not otherwise required, and do any and
all other lawful acts as may be necessary, convenient, or desirable, for
carrying into execution and administering this subpart."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
UH; BOR; RIM Funds; Expenditures; Reports
Description:
Requires the Board of Regents to expend funds appropriated to renew, improve, or modernize existing University of Hawaii facilities for only those purposes and not for current, ongoing, or anticipated capital improvement projects. Requires reports to the Legislature.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.