HB 548: RELATING TO THE ACQUISITION OF THE SAINT FRANCIS SCHOOL CAMPUS FOR THE UNIVERSITY OF HAWAII AT MANOA.

A BILL FOR AN ACT

RELATING TO THE ACQUISITION OF THE SAINT FRANCIS SCHOOL CAMPUS FOR THE UNIVERSITY OF HAWAII AT MANOA.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  The board of regents of the university of Hawaii, with the approval of the governor, is authorized to issue revenue bonds from time to time to finance, in whole or in part, the costs of acquiring the Saint Francis School campus located at 2707 Pamoa road in Honolulu.  The total principal amount of the revenue bonds authorized by this Act shall not exceed $          ; provided that neither revenue bonds issued to refund revenue bonds heretofore issued, to the extent that such refunding revenue bonds do not exceed the principal amount of the revenue bonds being refunded, nor revenue bonds of the board outstanding at the effective date of this Act shall cause the amount of the above authorization to be decreased.  The revenue bonds shall be issued pursuant to the provisions of part VI of chapter 304A, Hawaii Revised Statutes.  The principal and interest on the revenue bonds, to the extent not paid from the proceeds of such bonds, shall be paid solely from and secured solely by the revenue of the university, as defined in section 304A-2671, Hawaii Revised Statutes.

     SECTION 2.  There is appropriated out of the revenue bond proceeds and interest earned thereon authorized by this Act the sum of $           or so much thereof as may be necessary for fiscal year 2025-2026 to carry out the purposes of section 1 of this Act; provided that any unexpended and unencumbered balance of the appropriation shall not lapse at the end of fiscal year 2025-2026 and shall lapse on June 30, 2028.

     SECTION 3.  There is appropriated out of the general revenues of the State of Hawaii the sum of $           or so much thereof as may be necessary for fiscal year 2025-2026 for the acquisition of the Saint Francis School campus located at 2707 Pamoa road in Honolulu.

     The sum appropriated shall be expended by the university of Hawaii for the purposes of this Act.

     SECTION 4.  This Act shall take effect on July 1, 3000.

Report Title:

UH; Saint Francis School; Campus; Acquisition; Revenue Bonds; Appropriation

Description:

Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the acquisition of the Saint Francis School campus located at 2707 Pamoa Road in Honolulu.  Appropriates funds to the University of Hawaii for the acquisition of the Saint Francis School campus located at 2707 Pamoa Road in Honolulu.  Effective 7/1/3000.  (HD1)

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.

A BILL FOR AN ACT

RELATING TO THE ACQUISITION OF THE SAINT FRANCIS SCHOOL CAMPUS FOR THE UNIVERSITY OF HAWAII AT MANOA.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  The board of regents of the university of Hawaii, with the approval of the governor, is authorized to issue revenue bonds from time to time to finance, in whole or in part, the costs of acquiring the Saint Francis School campus located at 2707 Pamoa road in Honolulu.  The total principal amount of the revenue bonds authorized by this Act shall not exceed $          ; provided that neither revenue bonds issued to refund revenue bonds heretofore issued, to the extent that such refunding revenue bonds do not exceed the principal amount of the revenue bonds being refunded, nor revenue bonds of the board outstanding at the effective date of this Act shall cause the amount of the above authorization to be decreased.  The revenue bonds shall be issued pursuant to the provisions of part VI of chapter 304A, Hawaii Revised Statutes.  The principal and interest on the revenue bonds, to the extent not paid from the proceeds of such bonds, shall be paid solely from and secured solely by the revenue of the university, as defined in section 304A-2671, Hawaii Revised Statutes.

     SECTION 2.  There is appropriated out of the revenue bond proceeds and interest earned thereon authorized by this Act the sum of $           or so much thereof as may be necessary for fiscal year 2025-2026 to carry out the purposes of section 1 of this Act; provided that any unexpended and unencumbered balance of the appropriation shall not lapse at the end of fiscal year 2025-2026 and shall lapse on June 30, 2028.

     SECTION 3.  There is appropriated out of the general revenues of the State of Hawaii the sum of $           or so much thereof as may be necessary for fiscal year 2025-2026 for the acquisition of the Saint Francis School campus located at 2707 Pamoa road in Honolulu.

     The sum appropriated shall be expended by the university of Hawaii for the purposes of this Act.

     SECTION 4  This Act shall take effect on July 1, 2025.

Report Title:

UH; Saint Francis School; Campus; Acquisition; Revenue Bonds; Appropriation

Description:

Authorizes the Board of Regents of the University of Hawaii to issue revenue bonds for the acquisition of the Saint Francis School campus located at 2707 Pamoa Road in Honolulu.  Appropriates funds to the University of Hawaii for the acquisition of the Saint Francis School campus located at 2707 Pamoa Road in Honolulu.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.

STAND. COM. REP. NO.  939

Honolulu, Hawaii

                , 2025

RE:   H.B. No. 548

      H.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2025

State of Hawaii

Madame:

     Your Committee on Finance, to which was referred H.B. No. 548, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ACQUISITION OF THE SAINT FRANCIS SCHOOL CAMPUS FOR THE UNIVERSITY OF HAWAII AT MANOA,"

begs leave to report as follows:

     The purpose of this measure is to:

     (1)  Authorize the Board of Regents of the University of Hawaii to issue revenue bonds for the acquisition of the former Saint Francis School campus located at 2707 Pamoa Road in Honolulu; and

     (2)  Appropriate funds for the acquisition.

     Your Committee received testimony in support of this measure from the University of Hawaiʻi System and seven individuals.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 548, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

STAND. COM. REP. NO.  440

Honolulu, Hawaii

                , 2025

RE:   H.B. No. 548

      H.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2025

State of Hawaii

Madame:

     Your Committee on Higher Education, to which was referred H.B. No. 548 entitled:

"A BILL FOR AN ACT RELATING TO THE ACQUISITION OF THE SAINT FRANCIS SCHOOL CAMPUS FOR THE UNIVERSITY OF HAWAII AT MANOA,"

begs leave to report as follows:

     The purpose of this measure is to authorize the Board of Regents of the University of Hawaiʻi to issue revenue bonds and appropriate funds out of the revenue bond proceeds for the acquisition of the former Saint Francis School campus located at 2707 Pamoa Road in Honolulu.

     Your Committee received testimony in support of this measure from the University of Hawaiʻi System and numerous individuals.  Your Committee received testimony in opposition to this measure from the Avalon Group and two individuals.

     Your Committee finds that the University of Hawaii is interested in the property previously owned by the St. Francis of the Neumann Communities and currently owned by the Avalon Group at 2707 Pamoa Road in Honolulu because of its close proximity to the University of Hawaii at Manoa campus and the potential integration of the property into its long-range development plan.  Accordingly, this measure would allow the University to be prepared to pursue acquisition of the property if it becomes available for sale.

     Your Committee has amended this measure by:

     (1)  Changing the effective date to July 1, 3000, to encourage further discussion; and

     (2)  Making a technical, nonsubstantive amendment for the purposes of clarity, consistency, and style.

     As affirmed by the record of votes of the members of your Committee on Higher Education that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 548, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 548, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Higher Education,