CONFERENCE COMMITTEE REP. NO. 228

Honolulu, Hawaii

, 2025

RE: H.B. No. 1168

H.D. 1

S.D. 1

C.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2025

State of Hawaii

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Third State Legislature

Regular Session of 2025

State of Hawaii

Madam and Sir:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1168, H.D. 1, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE UNIVERSITY OF HAWAII REVENUE BONDS,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to:

(1) Authorize the Board of Regents of the University of Hawaii to issue revenue bonds to finance qualifying priority capital improvement projects of the University of Hawaii; and

(2) Condition the appropriation of revenue bond proceeds on the provision of financial assistance for room and board costs to students who have a demonstrated financial need and qualify for the resident tuition fee.

Your Committee on Conference has amended this measure by:

(1) Changing the revenue bond authorization and appropriation amount from an unspecified amount to $30,750,000;

(2) Clarifying the conditions of the appropriation of revenue bond proceeds to be for students residing in the University of Hawaii student housing services program with a demonstrated financial need, as determined by the University of Hawaii, who qualify for the resident tuition to assist the students with a housing allowance, stipend, or similar financial aid to help offset a portion of an increase in room and board costs that are due to increased debt service from said revenue bonds;

(3) Specifying that any unexpended and unencumbered balance of the appropriation shall not lapse at the end of fiscal year 2026-2027 and shall lapse instead on June 30, 2030;

(4) Changing the effective date to July 1, 2025; and

(5) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1168, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1168, H.D. 1, S.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ DONNA MERCADO KIM Chair	____________________________ ANDREW TAKUYA GARRETT Co-Chair
____________________________ DRU KANUHA Co-Chair	____________________________ LISA KITAGAWA Co-Chair