SB 1395: Emergency and Budget Reserve Fund; Interest; General Fund; Executive Budget; Projects; Climate Change Impacts
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2025-03-13
Current Status:
Failed
(2025-12-08: Carried over to 2026 Regular Session.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Allocates interest earned on balances within the emergency and budget reserve fund to the general fund in years in which the emergency and budget reserve fund's balance exceeds the State's fund balance objective. For any fiscal year following a fiscal year in which emergency and budget reserve fund interest is deposited into the general fund, requires the Governor to include in the budget or supplemental budget submitted to the Legislature a request that an amount of general funds equal to the amount of interest deposited be expended to advance projects that address climate change impacts. Effective 7/1/3000. (HD1)
Allocates interest earned on balances within the emergency and budget reserve fund to the general fund in years in which the emergency and budget reserve fund's balance exceeds the State's fund balance objective. For any fiscal year following a fiscal year in which emergency and budget reserve fund interest is deposited into the general fund, requires the Governor to include in the budget or supplemental budget submitted to the Legislature a request that an amount of general funds equal to the amount of interest deposited be expended to advance projects that address climate change impacts. Effective 7/1/2050. (SD2)
Establishes the Climate Mitigation and Resiliency Special Fund. Requires the allocation of all earned interest from the Emergency and Budget Reserve Fund to the newly established special fund. Requires a portion of the revenues from the Transient Accommodations Tax to be allocated to the newly established special fund. Appropriates funds. Effective 7/1/2050. (SD1)
Establishes the Climate Mitigation and Resiliency Special Fund. Mandates the allocation of all earned interest from the Emergency and Budget Reserve Fund to the newly established special fund. Appropriates funds.
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THE SENATE |
S.B. NO. |
1395 |
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THIRTY-THIRD LEGISLATURE, 2025 |
S.D. 2 |
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STATE OF HAWAII |
H.D. 1 |
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A BILL FOR AN ACT
RELATING TO STATE FUNDS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature further finds that Hawaii needs to invest in efforts to reduce climate change impacts and limit current and future costs of climate change. The anticipated extent of the impact of climate change is such that the State needs to take comprehensive and coordinated mitigation efforts as soon as possible.
The purpose of this Act is to address the impacts of climate change on the State and mitigate further impacts by:
(1) Allocating the interest earned on balances within the emergency and budget reserve fund to the general fund in years in which the emergency and budget reserve fund's balance exceeds the fund balance objective set for the emergency and budget reserve fund established in administrative directive number 22-01; and
(2) Requiring the governor, for any fiscal year that follows a fiscal year in which emergency and budget reserve fund interest is deposited into the general fund, to include in the budget or supplemental budget a request that an amount of general funds equal to the amount of interest deposited be expended to advance projects that address climate change impacts.
SECTION 2. Chapter 37, Hawaii Revised Statutes, is amended by adding a new section to part IV to be appropriately designated and to read as follows:
"§37- Climate change impacts; projects; budget request. For any fiscal year that follows a fiscal year in which interest accrued from moneys in the emergency and budget reserve fund is deposited into the general fund pursuant to section 328L-3(b), the governor shall request, in the budget or supplemental budget submitted to the legislature pursuant to section 37-71 or 37-72, that an amount of general funds equal to the amount of interest that was deposited into the general fund in the preceding fiscal year be expended to advance specific projects that address climate change impacts, including projects that mitigate, adapt to, or increase resiliency to climate change."
SECTION 3. Section 328L-3, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b)
All interest earned from moneys in the emergency and budget reserve fund
shall be credited to the emergency and budget reserve fund[.];
provided that if the accrual of interest would cause the balance of the
emergency and budget reserve fund to exceed the fund balance objective set for
the emergency and budget reserve fund, as established in administrative
directive number 22-01, then:
(1) Any interest amounts that would cause the fund's balance to exceed the fund balance objective shall be credited to the general fund; and
(2) The governor, in the following fiscal year, shall request that an amount of general funds equal to the amount of interest deposited into the general fund pursuant to paragraph (1) be expended to advance specific projects that address climate change, pursuant to section 37- ."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on July 1, 3000.
Report Title:
Emergency and Budget Reserve Fund; Interest; General Fund; Executive Budget; Projects; Climate Change Impacts
Description:
Allocates interest earned on balances within the emergency and budget reserve fund to the general fund in years in which the emergency and budget reserve fund's balance exceeds the State's fund balance objective. For any fiscal year following a fiscal year in which emergency and budget reserve fund interest is deposited into the general fund, requires the Governor to include in the budget or supplemental budget submitted to the Legislature a request that an amount of general funds equal to the amount of interest deposited be expended to advance projects that address climate change impacts. 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.
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THE SENATE |
S.B. NO. |
1395 |
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THIRTY-THIRD LEGISLATURE, 2025 |
S.D. 2 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO STATE FUNDS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature finds that Hawaii needs to invest in efforts immediately to reduce climate change impacts and limit current and future costs of climate change. The anticipated extent of the impact of climate change is such that the State needs to take comprehensive and coordinated mitigation efforts as soon as possible.
The purpose of this Act is to address the impacts of climate change on the State and mitigate further impacts by:
(1) Allocating the interest earned on balances within the emergency and budget reserve fund to the general fund in years in which the emergency and budget reserve fund's balance exceeds the fund balance objective set for the emergency and budget reserve fund established in administrative directive number 22-01; and
(2) Requiring the governor, for any fiscal year that follows a fiscal year in which emergency and budget reserve fund interest is deposited into the general fund, to include in the budget or supplemental budget submitted to the legislature pursuant to section 37-71 or 37-72, Hawaii Revised Statutes, a request that an amount of general funds equal to the amount of interest deposited be expended to advance projects that address climate change impacts.
SECTION 2. Chapter 37, Hawaii Revised Statutes, is amended by adding a new section to part IV to be appropriately designated and to read as follows:
"§37- Climate change impacts; projects; budget request. For any fiscal year that follows a fiscal year in which interest accrued from moneys in the emergency and budget reserve fund is deposited into the general fund pursuant to section 328L-3(b), the governor shall request, in the budget or supplemental budget submitted to the legislature pursuant to section 37-71 or 37-72, that an amount of general funds equal to the amount of interest that was deposited into the general fund in the preceding fiscal year be expended to advance specific projects that address climate change impacts, including projects that mitigate, adapt to, or increase resiliency to climate change."
SECTION 3. Section 328L-3, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b)
All interest earned from moneys in the emergency and budget reserve fund
shall be credited to the emergency and budget reserve fund[.];
provided that if the accrual of interest would cause the balance of the
emergency and budget reserve fund to exceed the fund balance objective set for
the emergency and budget reserve fund, as established in administrative
directive number 22-01, then:
(1) Any interest amounts that would cause the fund's balance to exceed the fund balance objective shall be credited to the general fund; and
(2) The governor, in the following fiscal year, shall request that an amount of general funds equal to the amount of interest deposited into the general fund pursuant to paragraph (1) be expended to advance specific projects that address climate change, pursuant to section 37- ."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on July 1, 2050.
Report Title:
Emergency and Budget Reserve Fund; Interest; General Fund; Executive Budget; Projects; Climate Change Impacts
Description:
Allocates interest earned on balances within the emergency and budget reserve fund to the general fund in years in which the emergency and budget reserve fund's balance exceeds the State's fund balance objective. For any fiscal year following a fiscal year in which emergency and budget reserve fund interest is deposited into the general fund, requires the Governor to include in the budget or supplemental budget submitted to the Legislature a request that an amount of general funds equal to the amount of interest deposited be expended to advance projects that address climate change impacts. Effective 7/1/2050. (SD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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THE SENATE |
S.B. NO. |
1395 |
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THIRTY-THIRD LEGISLATURE, 2025 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO STATE FUNDS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature finds that Hawaii needs to invest in efforts immediately to reduce climate change impacts and limit current and future costs of climate change. The anticipated extent of the impact of climate change is such that the State needs to take comprehensive and coordinated mitigation efforts as soon as possible.
The purpose of this Act is to address the impacts of climate change on the State and mitigate further impacts by:
(1) Establishing the climate mitigation and resiliency special fund;
(2) Allocating the interest earned on balances within the emergency and budget reserve fund to the special fund;
(3) Allocating a portion of the revenues from the transient accommodations tax to the special fund; and
(4) Appropriating funds out of the special fund.
SECTION 2. The Hawaii Revised Statutes is amended by adding a new chapter to be appropriately designated and to read as follows:
"CHAPTER
CLIMATE MITIGATION AND RESILIENCY SPECIAL FUND
§ -1 Establishment. There is established in the state treasury the climate mitigation and resiliency special fund, to be administered by the department of defense, into which shall be deposited:
(1) Appropriations made by the legislature to the fund;
(2) Fees collected under this chapter or any rule adopted thereunder;
(3) Grants provided by governmental agencies or any other source;
(4) Donations made by private individuals or organizations for deposit into the fund;
(5) Interest earned from moneys in the emergency and budget reserve fund established in section 328L-3;
(6) A portion of the revenues from the transient accommodations tax established by chapter 237D; and
(7) Interest earned from moneys in the fund.
§ -2 Uses. Moneys in the climate mitigation and resiliency special fund shall be used to advance projects addressing climate change impacts, including projects that mitigate, adapt to, or increase resiliency against climate change. Moneys may also be used for consultant, personnel, and administrative costs required to develop and implement the projects authorized in this section."
SECTION 3. Section 237D-6.5, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b) Except for the revenues collected pursuant to section 237D-2(e), revenues collected under this chapter shall be distributed in the following priority, with the excess revenues to be deposited into the general fund:
(1) $1,500,000 shall be allocated to the Turtle Bay conservation easement special fund beginning July 1, 2015, for the reimbursement to the state general fund of debt service on reimbursable general obligation bonds, including ongoing expenses related to the issuance of the bonds, the proceeds of which were used to acquire the conservation easement and other real property interests in Turtle Bay, Oahu, for the protection, preservation, and enhancement of natural resources important to the State, until the bonds are fully amortized;
(2) $11,000,000 shall be allocated to the
convention center enterprise special fund established [under] pursuant
to section 201B-8;
(3) An allocation shall be deposited into
the tourism emergency special fund, established [in] pursuant to
section 201B-10, in a manner sufficient to maintain a fund balance of
$5,000,000 in the tourism emergency special fund; [and]
(4) $3,000,000 shall be allocated to the
special land and development fund established [under] pursuant to
section 171-19; provided that the allocation shall be expended in accordance
with the Hawaii tourism authority strategic plan for:
(A) The protection, preservation, maintenance, and enhancement of natural resources, including beaches, important to the visitor industry;
(B) Planning, construction, and repair of facilities; and
(C) Operation and maintenance costs of
public lands, including beaches, connected with enhancing the
visitor experience[.]; and
(5) $ shall be allocated to the climate mitigation and resiliency special fund established under section -1.
All transient accommodations taxes shall be paid into the state treasury each month within ten days after collection and shall be kept by the state director of finance in special accounts for distribution as provided in this subsection."
SECTION 4. Section 328L-3, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b)
All interest earned from moneys in the emergency and budget reserve fund
shall be credited to the [emergency and budget reserve fund.] climate
mitigation and resiliency special fund established pursuant to section -1."
SECTION 5. There is appropriated out of the climate mitigation and resiliency special fund the sum of $ or so much thereof as may be necessary for fiscal year 2025-2026 and the same sum or so much thereof as may be necessary for fiscal year 2026-2027 to advance projects addressing climate change impacts.
The sums appropriated shall be expended by the department of defense for the purposes of this Act.
SECTION 6. The appropriations made by this Act shall not lapse at the end of the fiscal year for which the appropriation is made; provided that all moneys from the appropriation unencumbered as of June 30, 2028, shall lapse into the fund from which appropriated as of that date. Any unissued balance of any authorization made by this Act as of the close of business on June 30, 2028, shall lapse.
SECTION 7. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 8. This Act shall take effect on July 1, 2050.
Report Title:
Department of Defense; Climate Mitigation and Resiliency Special Fund; Emergency and Budget Reserve Fund; Transient Accommodations Tax; Appropriations
Description:
Establishes the Climate Mitigation and Resiliency Special Fund. Requires the allocation of all earned interest from the Emergency and Budget Reserve Fund to the newly established special fund. Requires a portion of the revenues from the Transient Accommodations Tax to be allocated to the newly established special fund. Appropriates funds. Effective 7/1/2050. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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THE SENATE |
S.B. NO. |
1395 |
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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 STATE FUNDS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
The legislature finds that Hawaii needs to invest in efforts to reduce climate change impacts now to limit current and future costs of climate change. The anticipated extent of the impact of climate change is such that state government needs to take comprehensive and coordinated mitigation efforts as soon as possible.
The purposes of this Act are to:
(1) Address the impacts of climate change on the State and mitigate further impacts by establishing the climate mitigation and resiliency special fund;
(2) Dedicate interest earned on balances within the emergency and budget reserve fund to the new special fund; and
(3) Appropriate funds out of the special fund.
SECTION 2. The Hawaii Revised Statutes is amended by adding a new chapter to be appropriately designated and to read as follows:
"CHAPTER
CLIMATE MITIGATION AND RESILIENCY SPECIAL FUND
§ -1 Establishment. There is established in the state treasury the climate mitigation and resiliency special fund, to be administered by the department of defense, into which shall be deposited:
(1) Appropriations made by the legislature to the fund;
(2) Fees collected under this chapter or any rule adopted thereunder;
(3) Grants provided by governmental agencies or any other source;
(4) Donations made by private individuals or organizations for deposit into the fund;
(5) Interest earned from moneys in the emergency and budget reserve fund established in section 328L-3;
(6) A portion of the revenues from the transient accommodations tax established by chapter 237D; and
(7) Interest earned from moneys in the fund.
§ -2 Uses. Moneys in the climate mitigation and resiliency special fund shall be used to advance projects addressing climate change impacts, including projects that mitigate, adapt to, or increase resiliency against climate change. Moneys may also be used for consultant, personnel, and administrative costs required to develop and implement the aforementioned projects."
SECTION 3. Section 328L-3, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:
"(b)
All interest earned from moneys in the emergency and budget reserve fund
shall be credited to the [emergency and budget reserve fund.] climate
mitigation and resiliency special fund established in section -1."
SECTION 4. There is appropriated out of the climate mitigation and resiliency special fund the sum of $60,000,000 or so much thereof as may be necessary for fiscal year 2025-2026 and the same sum or so much thereof as may be necessary for fiscal year 2026-2027 to advance projects addressing climate change impacts.
The sums appropriated shall be expended by the department of defense for the purposes of this Act.
SECTION 5. The appropriations made by this Act shall not lapse at the end of the fiscal year for which the appropriation is made; provided that all moneys from the appropriation unencumbered as of June 30, 2028, shall lapse into the fund from which appropriated as of that date. Any unissued balance of any authorization made by this Act as of the close of business on June 30, 2028, shall lapse.
SECTION 6. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 7. This Act, upon its approval, shall take effect on July 1, 2025.
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INTRODUCED BY: |
_____________________________ |
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BY REQUEST |
Report Title:
State Funds; Climate Mitigation and Resiliency Special Fund; Emergency and Budget Reserve Fund; Department of Defense; Appropriation
Description:
Establishes the Climate Mitigation and Resiliency Special Fund. Mandates the allocation of all earned interest from the Emergency and Budget Reserve Fund to the newly established special fund. Appropriates funds.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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Date
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Status
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| Dec 8, 2025 | Carried over to 2026 Regular Session. |
| Mar 18, 2025 | The committee(s) on WAL recommend(s) that the measure be deferred. |
| Mar 14, 2025 | Bill scheduled to be heard by WAL on Tuesday, 03-18-25 10:00AM in House conference room 411 VIA VIDEOCONFERENCE. |
| Mar 14, 2025 | Passed Second Reading as amended in HD 1 and referred to the committee(s) on WAL with none voting aye with reservations; Representative(s) Alcos, Garcia, Muraoka, Pierick, Shimizu voting no (5) and Representative(s) Cochran, Holt, Iwamoto, Ward excused (4). |
| Mar 14, 2025 | Reported from EEP (Stand. Com. Rep. No. 1248) as amended in HD 1, recommending passage on Second Reading and referral to WAL. |
| Mar 13, 2025 | The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch, Quinlan; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Ward. |
| Mar 10, 2025 | Bill scheduled to be heard by EEP on Thursday, 03-13-25 9:45AM in House conference room 325 VIA VIDEOCONFERENCE. |
| Mar 6, 2025 | Referred to EEP, WAL, FIN, referral sheet 19 |
| Mar 6, 2025 | Pass First Reading |
| Mar 4, 2025 | Received from Senate (Sen. Com. No. 321) in amended form (SD 2). |
| Mar 4, 2025 | Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House. |
| Feb 28, 2025 | 48 Hrs. Notice 03-04-25. |
| Feb 28, 2025 | Reported from WAM (Stand. Com. Rep. No. 1010) with recommendation of passage on Third Reading, as amended (SD 2). |
| Feb 27, 2025 | The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
| Feb 21, 2025 | The committee(s) on WAM will hold a public decision making on 02-27-25 10:30AM; Conference Room 211 & Videoconference. |
| Feb 11, 2025 | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| Feb 11, 2025 | Reported from AEN (Stand. Com. Rep. No. 268) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| Feb 3, 2025 | The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in AEN were as follows: 3 Aye(s): Senator(s) Gabbard, Richards, Rhoads; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 1 Excused: Senator(s) DeCoite. |
| Jan 31, 2025 | The committee(s) on AEN has scheduled a public hearing on 02-03-25 1:02PM; Conference Room 224 & Videoconference. |
| Jan 27, 2025 | Referred to AEN, WAM. |
| Jan 23, 2025 | Introduced and passed First Reading. |
| Jan 21, 2025 | Pending Introduction. |
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Date
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Description
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Location
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Votes
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| Mar 13, 2025 | The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS | House Standing Committee on Energy & Environmental Protection |
Passed |
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| Mar 4, 2025 | Third Reading | Senate Floor |
Passed |
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| Feb 27, 2025 | The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS | Senate Standing Committee on Ways and Means |
Passed |
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| Feb 3, 2025 | The committee(s) on AEN recommend(s) that the measure be PASSED, WITH AMENDMENTS | Senate Standing Committee on Agriculture and Environment |
Passed |
This list shows positions taken on this bill by organizations on the date displayed, which is linked to the original source.
Positions by individuals are not included.
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Organization
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Position
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Date
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| Care for ʻĀina Now Coalition | ** Support | |
| Catholic Charities Hawai‘i | *** Support | Mar 18, 2025 |
| Climate Advisory Team | *** Support | Mar 13, 2025 |
| Climate Hawaiʻi | *** Support | Feb 26, 2025 |
| Climate Hawai‘i | *** Support | Mar 18, 2025 |
| Climate Protectors Hawaiʻi | ** Support | |
| Climate Protectors Hawai‘i | *** Support | Mar 13, 2025 |
| Coalition Earth | ** Support | |
| Department of Land and Natural Resources | ** Support | |
| Department of Land and Natural Resources | *** Support | Mar 13, 2025 |
| Food+ Policy | *** Support | Mar 18, 2025 |
| Hawaii Green Infrastructure Authority | *** Support | Mar 13, 2025 |
| Hawaii State Energy Office | *** Support | Mar 18, 2025 |
| Hawaiʻi Reef and Ocean Coalition | ** Support | |
| Hawaiʻi Climate Advisory Team | ** Support | |
| Hawaiʻi Climate Change Mitigation and Adaptation Commission | *** Support | Feb 26, 2025 |
| Hawaiʻi Emergency Management Agency | *** Support | Mar 13, 2025 |
| Hawaiʻi Executive Collaborative Climate Hawaiʻi partners | ** Support | |
| Hawaiʻi Executive Collaborative | *** Support | Feb 26, 2025 |
| Hawaiʻi Farmers Union | *** Support | Feb 3, 2025 |
| Hawaiʻi Food+ Policy | *** Support | Mar 18, 2025 |
| Hawaiʻi Land Trust | ** Support | |
| Hawaiʻi Land Trust | *** Support | Feb 26, 2025 |
| Hawai‘i Emergency Management Agency | *** Support | Mar 18, 2025 |
| Hawai‘i Executive Collaborative | *** Support | Mar 18, 2025 |
| Hawai‘i Executive Collaborative (Climate Hawai‘i) | *** Support | Mar 13, 2025 |
| Hawai‘i Land Trust | *** Support | Mar 13, 2025 |
| Hawai‘i Reef and Ocean Coalition | *** Support | Mar 13, 2025 |
| Libertarian Hawaii | *** Against | Mar 13, 2025 |
| Libertarian Party of Hawaii | ** Against | |
| Maui Bicycling League | *** Support | Feb 26, 2025 |
| Office of Planning and Sustainable Development | *** Support | Feb 26, 2025 |
| Office of the Governor | ** Support | |
| Office of the Governor | *** Support | Mar 18, 2025 |
| State Hazard Mitigation Forum | *** Support | Feb 26, 2025 |
| Tax Foundation of Hawaii | *** Against | Feb 26, 2025 |
| The Nature Conservancy, Hawai‘i and Palmyra | *** Support | Mar 18, 2025 |
| University of Hawaiʻi at Mānoa, Department of Natural Resources and Environmental Management | *** Support | Mar 13, 2025 |
| Vibrant Hawaiʻi | ** Support | |
| Vibrant Hawaiʻi | *** Support | Mar 13, 2025 |
| Wildfire Safety Advocates of Waikoloa | *** Support | Mar 13, 2025 |
| Wildfire Safety Advocates of Waikoloa | ** Support |
STAND. COM. REP. NO. 1248
Honolulu, Hawaii
, 2025
RE: S.B. No. 1395
S.D. 2
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 Energy & Environmental Protection, to which was referred S.B. No. 1395, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO STATE FUNDS,"
begs leave to report as follows:
The purpose of this measure is to:
(1) Allocate the interest earned on balances within the Emergency and Budget Reserve Fund to the general fund in years in which the Emergency and Budget Reserve Fund's balance exceeds the fund balance objective set for the Emergency and Budget Reserve Fund established in Administrative Directive number 22-01; and
(2) Require the Governor, for any fiscal year that follows a fiscal year in which Emergency and Budget Reserve Fund interest is deposited into the general fund, to include in the budget or supplemental budget submitted to the Legislature a request that an amount of general funds equal to the amount of interest deposited be expended to advance projects that address climate change impacts.
Your Committee received testimony in support of this measure from the Office of the Governor; Department of Land and Natural Resources; Hawaiʻi State Energy Office; Hawaiʻi Climate Advisory Team; The Nature Conservancy; Hawaiʻi Executive Collaborative Climate Hawaiʻi partners; Care for ʻĀina Now Coalition; Hawaiʻi Food+ Policy; Catholic Charities Hawaiʻi; Hawaiʻi Reef and Ocean Coalition; Climate Protectors Hawaiʻi; Hawaiʻi Land Trust; Coalition Earth; Vibrant Hawaiʻi; Wildfire Safety Advocates of Waikoloa; and four individuals. Your Committee received testimony in opposition to this measure from the Libertarian Party of Hawaii and two individuals. Your Committee received comments on this measure from the Office of the Governor Recovery and Resiliency Unit; Hawaii Emergency Management Agency; Office of Planning and Sustainable Development; Climate Change Mitigation and Adaptation Commission; Hawaii Green Infrastructure Authority; and Tax Foundation of Hawaii.
Your Committee finds that the State is experiencing a climate emergency, which threatens the future of the State's economy, sustainability, environment, security, culture, and way of life. Comprehensive action is needed for successful mitigation of and adaptation to climate change. This measure establishes dedicated state funding to address the impacts of climate change on the State and mitigate further impacts.
Your Committee has amended this measure by:
(1) Changing the effective date to July 1, 3000, to encourage further discussion; and
(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Energy & Environmental Protection that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1395, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1395, S.D. 2, H.D. 1, and be referred to your Committee on Water & Land.
Respectfully submitted on behalf of the members of the Committee on Energy & Environmental Protection,
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____________________________ NICOLE E. LOWEN, Chair |
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STAND. COM. REP. NO. 1010
Honolulu, Hawaii
RE: S.B. No. 1395
S.D. 2
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 1395, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO STATE FUNDS,"
begs leave to report as follows:
The purpose and intent of this measure is to increase the State's resilience to climate change.
Specifically, this measure:
(1) Establishes a climate mitigation and resiliency special fund;
(2) Deposits the interest earned from the balance of the emergency and budget reserve fund into the climate mitigation and resiliency special fund;
(3) Allocates a portion of the transient accommodations tax to the special fund; and
(4) Appropriates moneys out of the climate mitigation and resiliency special fund to advance projects that address climate change impacts.
Your Committee received written comments in support of this measure from the Office of the Governor; Department of Land and Natural Resources; Office of Planning and Sustainable Development; Hawaii State Hazard Mitigation Forum; Hawaii Green Infrastructure Authority; Climate Change Mitigation and Adaptation Commission; Hawaii State Energy Office; Hawai`i Climate Advisory Team; Hawaii Emergency Management Agency; The Nature Conservancy; Purple Maia Foundation; Maui Bicycling League; Hawaii Land Trust; Hawaii Executive Collaborative, Climate Hawai`i; Catholic Charities Hawai`i; Coalition Earth; and three individuals.
Your Committee received written comments in opposition to this measure from the Libertarian Party of Hawaii and one individual.
Your Committee received written comments on this measure from the Hawaii Tourism Authority and Tax Foundation of Hawaii.
Your Committee finds that the impacts of climate change threaten the future of the State's economy, sustainability, environment, security, culture, and way of life. Your Committee further finds that the successful mitigation of and adaptation to climate change requires comprehensive action to address its detrimental impacts.
Your Committee has amended this measure by:
(1) Deleting language that would have established the climate mitigation and resiliency special fund, established revenue sources for the special fund, and appropriated money out of the special fund;
(2) Allocating interest earned on balances within the emergency and budget reserve fund to the general fund in years in which the emergency and budget reserve fund's balance exceeds the fund balance objective set for the emergency and budget reserve fund established in Administrative Directive No. 22-01; and
(3) Requiring the Governor, for any fiscal year that follows a fiscal year in which emergency and budget reserve fund interest is deposited into the general fund, to include in the budget or supplemental budget submitted to the Legislature pursuant to section 37-71 or 37-72, Hawaii Revised Statutes, a request to expend an amount of general funds equal to that amount of interest deposited in the preceding fiscal year, to advance projects that address climate change impacts.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1395, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1395, S.D. 2.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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________________________________ DONOVAN M. DELA CRUZ, Chair |
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STAND. COM. REP. NO. 268
Honolulu, Hawaii
RE: S.B. No. 1395
S.D. 1
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Sir:
Your Committee on Agriculture and Environment, to which was referred S.B. No. 1395 entitled:
"A BILL FOR AN ACT RELATING TO STATE FUNDS,"
begs leave to report as follows:
The purpose and intent of this measure is to:
(1) Establish the Climate Mitigation and Resiliency Special Fund (Special Fund) to address the impacts and mitigate further impacts of climate change on the State;
(2) Allocate the interest earned on balances within the Emergency and Budget Reserve Fund to the Special Fund;
(3) Allocate a portion of the revenues from the Transient Accommodations Tax to the Special Fund; and
(4) Appropriate $60,000,000 out of the Special Fund to advance projects that address climate change impacts.
Your Committee received testimony in support of this measure from the Office of the Governor, Department of Land and Natural Resources, Hawaii Green Infrastructure Authority, Office of Planning and Sustainable Development, Hawaii State Energy Office, Hawaiʻi Emergency Management Agency, Hawaiʻi Climate Change, Mitigation and Adaptation Commission, Hawaiʻi Climate Advisory Team; Hawaiʻi Farmers Union United, Climate Protectors Hawaiʻi, Coalition Earth, Hawaiʻi Food+ Policy, Care for ʻĀina Now Coalition, and two individuals.
Your Committee received comments on this measure from the Tax Foundation of Hawaii.
Your Committee finds that the State is particularly susceptible to the effects of climate change and that these effects will continue to become more prominent as time progresses. Your Committee notes that allocating the interest earned on various state funds for climate resilience projects would provide a needed funding source to address the costs of climate change while placing no incremental burden on Hawaii residents. This measure establishes the Climate Mitigation and Resiliency Special Fund (Special Fund) to advance projects that address the impacts of climate change on the State and funds the Special Fund, in part, with the interest earned from the Emergency and Budget Reserve Fund.
Your Committee also notes that although one of the funding sources of the Special Fund established by this measure includes a portion of the revenues from the Transient Accommodations Tax, there is no conforming language regarding this allocation. An amendment to this measure is therefore necessary to address this oversight.
Accordingly, your Committee has amended this measure by:
(1) Inserting conforming language that allocates an unspecified portion of the revenues from the Transient Accommodation Tax to the Special Fund;
(2) Changing the appropriation to an unspecified amount;
(3) Inserting an effective date of July 1, 2050, to encourage further discussion; and
(4) Making technical, nonsubstantive amendments for the purposes of clarity and consistency.
Your Committee notes that this measure, as amended, contains an unspecified appropriation amount. Should your Committee on Ways and Means choose to deliberate on this measure, your Committee respectfully requests that it consider inserting an appropriation amount of $60,000,000 to advance projects addressing climate change impacts.
As affirmed by the record of votes of the members of your Committee on Agriculture and Environment that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1395, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1395, S.D. 1, and be referred to your Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Agriculture and Environment,
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________________________________ MIKE GABBARD, Chair |
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Date
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Testimony PDF
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| Mar 18, 2025 | SB1395_HD1_TESTIMONY_WAL_03-18-25_.PDF |
| Mar 13, 2025 | SB1395_SD2_TESTIMONY_EEP_03-13-25_.PDF |
| Feb 26, 2025 | SB1395_SD1_TESTIMONY_WAM_02-27-25_.PDF |
| Feb 3, 2025 | SB1395_TESTIMONY_AEN_02-03-25_.PDF |
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