SB 1589: Department of Accounting and General Services; Stadium Authority; Stadium Development Special Fund; Appropriations

A BILL FOR AN ACT

RELATING TO THE STADIUM DEVELOPMENT SPECIAL FUND.

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

     SECTION 1.  The legislature finds that the new aloha stadium entertainment district is a critical project for the State.  The project promises significant benefits to the community and serves as an exemplar for large-scale public‑private partnerships within the State.

     The State is deeply committed to ensuring the success of the new district.  The State's project team, which comprises the department of accounting and general services and the stadium authority, has meticulously procured and contracted with a master developer.  The objective is to complete the new aloha stadium and the first phase of the district development by summer 2028.  This process includes several key milestones to be achieved throughout 2025.

     The purpose of this Act is to:

     (1)  Require all gifts or grants from a private source deposited into the stadium development special fund to be used only for infrastructure related to the stadium and costs associated with the development of the stadium;

     (2)  Require any unexpended and unencumbered funds in the stadium development special fund to immediately lapse to the general fund if the project is terminated; and

     (3)  Appropriate funds out of the stadium development special fund with certain conditions.

     SECTION 2.  Section 109-3.5, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§109-3.5[]]  Stadium development special fund; established.  (a)  There is established in the state treasury the stadium development special fund, into which funds collected by the stadium authority shall be deposited, including:

     (1)  All revenues from the stadium development district, including but not limited to agreements or actions generating revenue related to stadium operations, lease or rental of facilities or land, concessions, food and beverage, parking, sponsorship and advertising, utilities and infrastructure, and development;

     (2)  All gifts or grants awarded in any form from any public agency or any other source for purposes of the stadium development district; provided that any gift or grant from a private source shall be used only for infrastructure related to the stadium and costs associated with the development of the stadium;

     (3)  All proceeds from revenue bonds issued for the purpose of the stadium development district; and

     (4)  Appropriations made by the legislature to the fund.

     (b)  [Moneys] Except as provided in subsection (a)(2), moneys in the stadium development special fund shall be used by the stadium authority for the payment of expenses arising from any and all use, operation, repair, maintenance, alteration, improvement, development, or any unforeseen or unplanned repairs of the stadium development district, including without limitation:

     (1)  The development, operation, and maintenance of a new stadium;

     (2)  Food and beverage service and parking service provided at the stadium facility; the sale of souvenirs, logo items, or other items; any future major repair, maintenance, and improvement of the stadium facility as a commercial enterprise or as a world-class facility for athletic events, entertainment, or public events; and marketing the facility pursuant to section 109-2(4) and (8); and

     (3)  Contractual payments to developers or contractors engaged by the stadium authority for the purpose of redeveloping the site and related on- and off-site infrastructure that benefits the stadium district and its development guidance policies.

     (c)  Any unexpended and unencumbered funds in the stadium development special fund shall immediately lapse to the general fund if the new aloha stadium entertainment district project is terminated."

     SECTION 3.  There is appropriated out of the stadium development special fund the sum of $           or so much thereof as may be necessary for fiscal year 2025-2026 and $           or so much thereof as may be necessary for fiscal year 2026-2027 for the purposes of the stadium development special fund described in section 109-3.5, Hawaii Revised Statutes; provided that:

     (1)  The development timelines set by the stadium authority have been met for the new aloha stadium entertainment district; and

     (2)  The sum appropriated and authorized for expenditure for fiscal year 2026-2027 pursuant to this section shall be derived solely from moneys received by the State as a gift or grant from private sources.

     The sums appropriated shall be expended by the stadium authority of the department of business, economic development, and tourism for the purposes of this Act; provided that all unexpended or unencumbered moneys remaining in the stadium development special fund shall immediately lapse to the general fund if the new aloha stadium entertainment district project is terminated.

     SECTION 4.  This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.

     SECTION 5.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 6.  This Act shall take effect on July 1, 3000.

Report Title:

Department of Accounting and General Services; Stadium Authority; Stadium Development Special Fund; Appropriations

Description:

Requires gifts or grants from a private source deposited into the Stadium Development Special Fund to be used only for infrastructure related to the stadium and costs associated with the development of the stadium.  Requires any unexpended and unencumbered funds in the Stadium Development Special Fund to immediately lapse to the general fund if the NASED project is terminated.  Appropriates funds out of the Stadium Development Special Fund with certain conditions.  Effective 7/1/3000.  (HD2)

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 STADIUM DEVELOPMENT SPECIAL FUND.

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

     SECTION 1.  The legislature finds that the new aloha stadium entertainment district is a critical project for the State.  The project promises significant benefits to the community and serves as an exemplar for large-scale public‑private partnerships within the State.

     The State is deeply committed to ensuring the success of the new district.  The State's project team, which comprises the department of accounting and general services and the stadium authority, has meticulously procured and contracted with a master developer.  The objective is to complete the new aloha stadium and the first phase of the district development by summer 2028.  This process includes several key milestones to be achieved throughout 2025.

     The purpose of this Act is to:

     (1)  Require all gifts or grants from a private source deposited into the stadium development special fund to be used only for infrastructure related to the stadium and costs associated with the development of the stadium;

     (2)  Require any unexpended and unencumbered funds in the stadium development special fund to immediately lapse to the general fund if the project is terminated; and

     (3)  Appropriate funds out of the stadium development special fund with certain conditions.

     SECTION 2.  Section 109-3.5, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§109-3.5[]]  Stadium development special fund; established.  (a)  There is established in the state treasury the stadium development special fund, into which funds collected by the stadium authority shall be deposited, including:

     (1)  All revenues from the stadium development district, including but not limited to agreements or actions generating revenue related to stadium operations, lease or rental of facilities or land, concessions, food and beverage, parking, sponsorship and advertising, utilities and infrastructure, and development;

     (2)  All gifts or grants awarded in any form from any public agency or any other source for purposes of the stadium development district; provided that any gift or grant from a private source shall be used only for infrastructure related to the stadium and costs associated with the development of the stadium;

     (3)  All proceeds from revenue bonds issued for the purpose of the stadium development district; and

     (4)  Appropriations made by the legislature to the fund.

     (b)  [Moneys] Except as provided in subsection (a)(2), moneys in the stadium development special fund shall be used by the stadium authority for the payment of expenses arising from any and all use, operation, repair, maintenance, alteration, improvement, development, or any unforeseen or unplanned repairs of the stadium development district, including without limitation:

     (1)  The development, operation, and maintenance of a new stadium;

     (2)  Food and beverage service and parking service provided at the stadium facility; the sale of souvenirs, logo items, or other items; any future major repair, maintenance, and improvement of the stadium facility as a commercial enterprise or as a world-class facility for athletic events, entertainment, or public events; and marketing the facility pursuant to section 109-2(4) and (8); and

     (3)  Contractual payments to developers or contractors engaged by the stadium authority for the purpose of redeveloping the site and related on- and off-site infrastructure that benefits the stadium district and its development guidance policies.

     (c)  Any unexpended and unencumbered funds in the stadium development special fund shall immediately lapse to the general fund if the new aloha stadium entertainment district project is terminated."

     SECTION 3.  There is appropriated out of the stadium development special fund the sum of $49,500,000 or so much thereof as may be necessary for fiscal year 2025-2026 and $           or so much thereof as may be necessary for fiscal year 2026-2027 for the purposes of the stadium development special fund described in section 109-3.5, Hawaii Revised Statutes; provided that:

     (1)  The development timelines set by the stadium authority have been met for the new aloha stadium entertainment district; and

     (2)  The sum appropriated and authorized for expenditure for fiscal year 2026-2027 pursuant to this section shall be derived solely from moneys received by the State as a gift or grant from private sources.

     The sums appropriated shall be expended by the stadium authority of the department of business, economic development, and tourism for the purposes of this Act; provided that all unexpended or unencumbered moneys remaining in the stadium development special fund shall immediately lapse to the general fund if the new aloha stadium entertainment district project is terminated.

     SECTION 4.  This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.

     SECTION 5.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 6.  This Act shall take effect on July 1, 3000.

Report Title:

Department of Accounting and General Services; Stadium Authority; Stadium Development Special Fund; Appropriations

Description:

Requires gifts or grants from a private source deposited into the Stadium Development Special Fund to be used only for infrastructure related to the stadium and costs associated with the development of the stadium.  Requires any unexpended and unencumbered funds in the Stadium Development Special Fund to immediately lapse to the general fund if the NASED project is terminated.  Appropriates funds out of the Stadium Development Special Fund with certain conditions.  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.

SENATE FLOOR AMENDMENT

FLOOR AMENDMENT NO.                                            Date                                                                                     

TO:    Senate Bill No. 1589, S.D. 2

          SECTION 1.  Senate Bill No. 1589, S.D. 2, is amended by amending SECTION 3 of the bill to read as follows:

     "SECTION 3.  There is appropriated out of the stadium development special fund the sum of $49,500,000 or so much thereof as may be necessary for fiscal year 2025-2026 and $           or so much thereof as may be necessary for fiscal year 2026-2027 for the purposes of the stadium development special fund described in section 109-3.5, Hawaii Revised Statutes; provided that:

     (1)  The development timelines set by the stadium authority have been met for the new aloha stadium entertainment district; and

     (2)  The sum appropriated and authorized for expenditure for fiscal year 2026-2027 pursuant to this section shall be derived solely from moneys received by the State as a gift or grant from private sources.

     The sums appropriated shall be expended by the stadium authority of the department of business, economic development, and tourism for the purposes of this Act; provided that if the new aloha stadium entertainment district project is terminated before completion, then all moneys remaining in the stadium development special fund that are not expended or encumbered shall lapse to the general fund."

A BILL FOR AN ACT

RELATING TO THE STADIUM DEVELOPMENT SPECIAL FUND.

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

     SECTION 1.  The legislature finds that the new aloha stadium entertainment district is a critical project for the State.  The project promises significant benefits to the community and serves as an exemplar for large-scale public‑private partnerships within the State.

     The State is deeply committed to ensuring the success of the new district.  The State's project team, which comprises the department of accounting and general services and the stadium authority, has meticulously procured and contracted with a master developer.  The objective is to complete the new aloha stadium and the first phase of the district development by summer 2028.  This process includes several key milestones to be achieved throughout 2025.

     The purpose of this Act is to require the stadium authority to meet any condition set by the legislature on an appropriation to the stadium development special fund, and to appropriate moneys from the stadium development special fund to the stadium authority for fiscal year 2025-2026, subject to the completion of specific project readiness conditions.  The condition also provides safeguards to ensure that unexpended and unencumbered funds in the stadium development special fund are returned to the general fund if the project is terminated.

     SECTION 2.  Section 109-3.5, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§109-3.5[]]  Stadium development special fund; established.  (a)  There is established in the state treasury the stadium development special fund, into which funds collected by the stadium authority shall be deposited, including:

     (1)  All revenues from the stadium development district, including but not limited to agreements or actions generating revenue related to stadium operations, lease or rental of facilities or land, concessions, food and beverage, parking, sponsorship and advertising, utilities and infrastructure, and development;

     (2)  All gifts or grants awarded in any form from any public agency or any other source for purposes of the stadium development district[;]; provided that any gift or grant from a private source shall be used only for infrastructure related to the stadium and costs associated with the development of the stadium;

     (3)  All proceeds from revenue bonds issued for the purpose of the stadium development district; and

     (4)  Appropriations made by the legislature to the fund.

     (b)  [Moneys] Except as provided in subsection (a)(2), moneys in the stadium development special fund shall be used by the stadium authority for the payment of expenses arising from any and all use, operation, repair, maintenance, alteration, improvement, development, or any unforeseen or unplanned repairs of the stadium development district, including without limitation:

     (1)  The development, operation, and maintenance of a new stadium;

     (2)  Food and beverage service and parking service provided at the stadium facility; the sale of souvenirs, logo items, or other items; any future major repair, maintenance, and improvement of the stadium facility as a commercial enterprise or as a world-class facility for athletic events, entertainment, or public events; and marketing the facility pursuant to section 109-2(4) and (8); and

     (3)  Contractual payments to developers or contractors engaged by the stadium authority for the purpose of redeveloping the site and related on- and off-site infrastructure that benefits the stadium district and its development guidance policies.

     (c)  Any condition imposed by the legislature on a legislative appropriation to the stadium development special fund shall be met before expenditure of the appropriated funds; provided that the legislature intends for the condition to be met before expenditure.  Any unexpended and unencumbered funds in the stadium development special fund shall immediately lapse to the general fund if the project is terminated."

     SECTION 3.  There is appropriated out of the stadium development special fund the sum of $49,500,000 or so much thereof as may be necessary for fiscal year 2025-2026 and $           or so much thereof as may be necessary for fiscal year 2026-2027 for the purposes of the stadium development special fund described in section 109-3.5, Hawaii Revised Statutes; provided that:

     (1)  The development timelines set by the stadium authority have been met for the new aloha stadium entertainment district; and

     (2)  The sum appropriated and authorized for expenditure for fiscal year 2026-2027 pursuant to this section shall be derived solely from moneys received by the State as a gift or grant from private sources.

     The sums appropriated shall be expended by the stadium authority of the department of business, economic development, and tourism for the purposes of this Act; provided that if the new aloha stadium entertainment district project is terminated before completion, then all moneys remaining in the stadium development special fund that are not expended or encumbered shall lapse to the general fund.

     SECTION 4.  This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.

     SECTION 5.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 6.  This Act shall take effect on July 1, 2050.

Report Title:

Department of Accounting and General Services; Stadium Authority; Stadium Development Special Fund; Appropriations

Description:

Requires conditions placed on appropriations to the Stadium Development Special Fund to be met before expenditure.  Restricts private donations to the Stadium Authority to use on stadium infrastructure and stadium development costs.  Appropriates funds out of the Stadium Development Special Fund, subject to the completion of specific project readiness conditions.  Requires certain moneys expended to be from private sources.  Effective 7/1/2050.  (SD3)

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 STADIUM DEVELOPMENT SPECIAL FUND.

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

     SECTION 1.  The legislature finds that the new aloha stadium entertainment district is a critical project for the State.  The project promises significant benefits to the community and serves as an exemplar for large-scale public‑private partnerships within the State.

     The State is deeply committed to ensuring the success of the new district.  The State's project team, which comprises the department of accounting and general services and the stadium authority, has meticulously procured and contracted with a master developer.  The objective is to complete the new aloha stadium and the first phase of the district development by summer 2028.  This process includes several key milestones to be achieved throughout 2025.

     The purpose of this Act is to require the stadium authority to meet any condition set by the legislature on an appropriation to the stadium development special fund, and to appropriate moneys from the stadium development special fund to the stadium authority for fiscal year 2025-2026, subject to the completion of specific project readiness conditions.  The condition also provides safeguards to ensure that unexpended and unencumbered funds in the stadium development special fund are returned to the general fund if the project is terminated.

     SECTION 2.  Section 109-3.5, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§109-3.5[]]  Stadium development special fund; established.  (a)  There is established in the state treasury the stadium development special fund, into which funds collected by the stadium authority shall be deposited, including:

     (1)  All revenues from the stadium development district, including but not limited to agreements or actions generating revenue related to stadium operations, lease or rental of facilities or land, concessions, food and beverage, parking, sponsorship and advertising, utilities and infrastructure, and development;

     (2)  All gifts or grants awarded in any form from any public agency or any other source for purposes of the stadium development district[;]; provided that any gift or grant from a private source shall be used only for infrastructure related to the stadium and costs associated with the development of the stadium;

     (3)  All proceeds from revenue bonds issued for the purpose of the stadium development district; and

     (4)  Appropriations made by the legislature to the fund.

     (b)  [Moneys] Except as provided in subsection (a)(2), moneys in the stadium development special fund shall be used by the stadium authority for the payment of expenses arising from any and all use, operation, repair, maintenance, alteration, improvement, development, or any unforeseen or unplanned repairs of the stadium development district, including without limitation:

     (1)  The development, operation, and maintenance of a new stadium;

     (2)  Food and beverage service and parking service provided at the stadium facility; the sale of souvenirs, logo items, or other items; any future major repair, maintenance, and improvement of the stadium facility as a commercial enterprise or as a world-class facility for athletic events, entertainment, or public events; and marketing the facility pursuant to section 109-2(4) and (8); and

     (3)  Contractual payments to developers or contractors engaged by the stadium authority for the purpose of redeveloping the site and related on- and off-site infrastructure that benefits the stadium district and its development guidance policies.

     (c)  Any condition imposed by the legislature on a legislative appropriation to the stadium development special fund shall be met before expenditure of the appropriated funds; provided that the legislature intends for the condition to be met before expenditure.  Any unexpended and unencumbered funds in the stadium development special fund shall immediately lapse to the general fund if the project is terminated."

     SECTION 3.  There is appropriated out of the stadium development special fund the sum of $49,500,000 or so much thereof as may be necessary for fiscal year 2025-2026 and $           or so much thereof as may be necessary for fiscal year 2026-2027 for the purposes of the stadium development special fund described in section 109-3.5, Hawaii Revised Statutes; provided that the development timelines set by the stadium authority have been met for the new aloha stadium entertainment district.

     The sums appropriated shall be expended by the stadium authority of the department of business, economic development, and tourism for the purposes of this Act; provided that if the new aloha stadium entertainment district project is terminated before completion, then all moneys remaining in the stadium development special fund that are not expended or encumbered shall lapse to the general fund.

     SECTION 4.  This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.

     SECTION 5.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 6.  This Act shall take effect on July 1, 2050.

Report Title:

Department of Accounting and General Services; Stadium Authority; Stadium Development Special Fund; Appropriations

Description:

Requires conditions placed on appropriations to the Stadium Development Special Fund to be met before expenditure.  Restricts private donations to the Stadium Authority to use on stadium infrastructure and stadium development costs.  Appropriates funds out of the Stadium Development Special Fund, subject to the completion of specific project readiness conditions.  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.

A BILL FOR AN ACT

RELATING TO THE STADIUM DEVELOPMENT SPECIAL FUND.

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

     SECTION 1.  The legislature finds that the new aloha stadium entertainment district is a critical project for the State.  The project promises significant benefits to the community and serves as an exemplar for large-scale public‑private partnerships within the State.

     The State is deeply committed to ensuring the success of the new district.  The State's project team, which comprises the department of accounting and general services and the stadium authority, has meticulously procured and contracted with a master developer.  The objective is to complete the new aloha stadium and the first phase of the district development by summer 2028.  This process includes several key milestones to be achieved throughout 2025.

     The purpose of this Act is to require the stadium authority to meet any condition set by the legislature on an appropriation to the stadium development special fund, and to appropriate moneys from the stadium development special fund to the stadium authority for fiscal year 2025-2026, subject to the completion of specific project readiness conditions.  The condition also provides safeguards to ensure that unexpended and unencumbered funds in the stadium development special fund are returned to the general fund if the project is terminated.

     SECTION 2.  Section 109-3.5, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§109-3.5[]]  Stadium development special fund; established.  (a)  There is established in the state treasury the stadium development special fund, into which funds collected by the stadium authority shall be deposited, including:

     (1)  All revenues from the stadium development district, including but not limited to agreements or actions generating revenue related to stadium operations, lease or rental of facilities or land, concessions, food and beverage, parking, sponsorship and advertising, utilities and infrastructure, and development;

     (2)  All gifts or grants awarded in any form from any public agency or any other source for purposes of the stadium development district;

     (3)  All proceeds from revenue bonds issued for the purpose of the stadium development district; and

     (4)  Appropriations made by the legislature to the fund.

     (b)  Moneys in the stadium development special fund shall be used by the stadium authority for the payment of expenses arising from any and all use, operation, repair, maintenance, alteration, improvement, development, or any unforeseen or unplanned repairs of the stadium development district, including without limitation:

     (1)  The development, operation, and maintenance of a new stadium;

     (2)  Food and beverage service and parking service provided at the stadium facility; the sale of souvenirs, logo items, or other items; any future major repair, maintenance, and improvement of the stadium facility as a commercial enterprise or as a world-class facility for athletic events, entertainment, or public events; and marketing the facility pursuant to section 109-2(4) and (8); and

     (3)  Contractual payments to developers or contractors engaged by the stadium authority for the purpose of redeveloping the site and related on- and off-site infrastructure that benefits the stadium district and its development guidance policies.

     (c)  Any condition imposed by the legislature on a legislative appropriation to the stadium development special fund shall be met before expenditure of the appropriated funds; provided that the legislature intends for the condition to be met before expenditure.  Any unexpended and unencumbered funds in the stadium development special fund shall immediately lapse to the general fund if the project is terminated."

     SECTION 3.  There is appropriated out of the stadium development special fund the sum of $49,500,000 or so much thereof as may be necessary for fiscal year 2025-2026 for the purposes of the stadium development special fund described in section 109-3.5, Hawaii Revised Statutes; provided that the development timelines set by the stadium authority have been met for the new aloha stadium entertainment district.

     The sum appropriated shall be expended by the stadium authority of the department of business, economic development, and tourism for the purposes of this Act; provided that if the new aloha stadium entertainment district project is terminated before completion, then all moneys remaining in the stadium development special fund that are not expended or encumbered shall lapse to the general fund.

     SECTION 4.  This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.

     SECTION 5.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 6.  This Act shall take effect on July 1, 2050.

Report Title:

Department of Accounting and General Services; Stadium Authority; Stadium Development Special Fund; Appropriation

Description:

Requires conditions placed on appropriations to the Stadium Development Special Fund to be met before expenditure.  Appropriates funds out of the Stadium Development Special Fund, subject to the completion of specific project readiness conditions.  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.

A BILL FOR AN ACT

RELATING TO THE STADIUM DEVELOPMENT SPECIAL FUND.

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

     SECTION 1.  The legislature recognizes the new aloha stadium entertainment district as a critical project for the State.  The project promises significant benefits to the community and serves as an exemplar for large-scale public‑private partnerships within the State.

     The State is deeply committed to ensuring the success of the new district.  The State's project team, which comprises the department of accounting and general services and the stadium authority, has meticulously procured and contracted with a master developer.  The objective is to complete the new aloha stadium and the first phase of the district development by summer 2028.  This process includes several key milestones to be achieved throughout 2025.

     The purpose of this Act is to amend section 109-3.5, Hawaii Revised Statutes, to require the stadium authority to meet any condition set by the legislature on an appropriation to the stadium development special fund, and to appropriate moneys from the stadium development special fund to the stadium authority for fiscal year 2025-2026, subject to the completion of specific project readiness conditions.  The amendment also provides safeguards to ensure that unexpended funds are returned to the general fund if the project is terminated.

     SECTION 2.  Section 109-3.5, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§109-3.5[]]  Stadium development special fund; established.  (a)  There is established in the state treasury the stadium development special fund, into which funds collected by the stadium authority shall be deposited, including:

     (1)  All revenues from the stadium development district, including but not limited to agreements or actions generating revenue related to stadium operations, lease or rental of facilities or land, concessions, food and beverage, parking, sponsorship and advertising, utilities and infrastructure, and development;

     (2)  All gifts or grants awarded in any form from any public agency or any other source for purposes of the stadium development district;

     (3)  All proceeds from revenue bonds issued for the purpose of the stadium development district; and

     (4)  Appropriations made by the legislature to the fund.

     (b)  Moneys in the stadium development special fund shall be used by the stadium authority for the payment of expenses arising from any and all use, operation, repair, maintenance, alteration, improvement, development, or any unforeseen or unplanned repairs of the stadium development district, including without limitation:

     (1)  The development, operation, and maintenance of a new stadium;

     (2)  Food and beverage service and parking service provided at the stadium facility; the sale of souvenirs, logo items, or other items; any future major repair, maintenance, and improvement of the stadium facility as a commercial enterprise or as a world-class facility for athletic events, entertainment, or public events; and marketing the facility pursuant to section 109-2(4) and (8); and

     (3)  Contractual payments to developers or contractors engaged by the stadium authority for the purpose of redeveloping the site and related on- and off-site infrastructure that benefits the stadium district and its development guidance policies.

     (c)  Any condition imposed by the legislature on a legislative appropriation to the stadium development special fund shall be met before expenditure of the appropriated funds; provided that the legislature intends for the condition to be met prior to expenditure.  Any unexpended and unencumbered funds in the stadium development special fund shall be immediately lapsed to the general fund if the project is terminated."

     SECTION 3.  There is appropriated out of the stadium development special fund the sum of $49,500,000 or so much thereof as may be necessary for fiscal year 2025-2026 for the purposes of the stadium development special fund pursuant to section 109-3.5, Hawaii Revised Statutes; provided that the development timelines set by the stadium authority have been met for the new aloha stadium entertainment district.

     The sum appropriated shall be expended by the stadium authority of the department of business, economic development, and tourism for the purposes of this Act; provided that all moneys remaining in the special fund that are not expended or encumbered by the new aloha stadium entertainment district is terminated before completion shall lapse to the general fund.

     SECTION 4.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

     SECTION 5.  This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun before its effective date.

     SECTION 6.  This Act shall take effect on July 1, 2025.

Report Title:

Department of Accounting and General Services; Stadium Authority; Stadium Development Special Fund; Appropriation

Description:

Requires conditions placed on appropriations to the Stadium Development Special Fund to be met before expenditure.  Subjects expenditure by the Stadium Authority of an appropriation out of the Stadium Development Special Fund on the completion of specific project readiness conditions.  Appropriates moneys.

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.  1997

Honolulu, Hawaii

                , 2025

RE:   S.B. No. 1589

      S.D. 3

      H.D. 2

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 S.B. No. 1589, S.D. 3, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE STADIUM DEVELOPMENT SPECIAL FUND,"

begs leave to report as follows:

     The purpose of this measure is to:

     (1)  Require all gifts or grants from a private source deposited into the Stadium Development Special Fund to be used only for infrastructure related to the Stadium and costs associated with the development of the Stadium;

     (2)  Require any unexpended and unencumbered funds in the Stadium Development Special Fund to immediately lapse to the general fund if the project is terminated; and

     (3)  Appropriate funds out of the Stadium Development Special Fund with certain conditions.

     Your Committee received testimony in support of this measure from the Āliamanu-Salt Lake-Foster Village-Airport Neighborhood Board No. 18; Stanford Carr Development, LLC; and Operative Plasterers' and Cement Masons' International Association Local 630, AFL-CIO.  Your Committee received comments on this measure from the Stadium Authority.

     Your Committee has amended this measure by changing the appropriation out of the Stadium Development Special Fund for fiscal year 2025-2026, to increase the expenditure ceiling of the Special Fund, to an unspecified amount.

     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 S.B. No. 1589, S.D. 3, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1589, S.D. 3, H.D. 2.

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

STAND. COM. REP. NO.  1290

Honolulu, Hawaii

                , 2025

RE:   S.B. No. 1589

      S.D. 3

      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 Economic Development & Technology, to which was referred S.B. No. 1589, S.D. 3, entitled:

"A BILL FOR AN ACT RELATING TO THE STADIUM DEVELOPMENT SPECIAL FUND,"

begs leave to report as follows:

     The purpose of this measure is to:

     (1)  Require all gifts or grants from a private source collected by the Stadium Authority to be used only for infrastructure related to the stadium and costs associated with the development of the stadium;

     (2)  Require any condition imposed by the Legislature on an appropriation to the Stadium Development Special Fund to be met before expenditure;

     (3)  Require any unexpended and unencumbered funds in the Stadium Development Special Fund to immediately lapse to the general fund if the project is terminated; and

     (4)  Appropriate funds out of the Stadium Development Special Fund with certain conditions.

     Your Committee received testimony in support of this measure from the Hawaii Regional Council of Carpenters.  Your Committee received comments on this measure from the Stadium Authority.

     Your Committee finds that the State should ensure proper fiscal management and oversight of the Stadium Development Special Fund.  This measure requires any unexpended and unencumbered funds in the Stadium Development Special Fund to immediately lapse to the General Fund and appropriates funds out of the Stadium Development Special Fund with certain conditions.

     Your Committee has amended this measure by:

     (1)  Removing the requirement that any condition imposed by the Legislature on an appropriation to the Stadium Development Special Fund be met before expenditure;

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

     (3)  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 Economic Development & Technology that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1589, S.D. 3, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1589, S.D. 3, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Technology,

STAND. COM. REP. NO. 1052

Honolulu, Hawaii

RE:    S.B. No. 1589

       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. 1589, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE STADIUM DEVELOPMENT SPECIAL FUND,"

begs leave to report as follows:

     The purpose and intent of this measure is to support the development of the new stadium.

     Specifically, this measure:

     (1)  Requires that the Stadium Authority meet any conditions imposed by the Legislature on appropriations to the stadium development special fund prior to expenditure;

     (2)  Appropriates $49.5 million from the stadium development special fund to the Stadium Authority, but conditions the expenditure of the moneys on the completion of specific project readiness requirements; and

     (3)  Returns unencumbered and unexpended moneys in the special fund to the general fund if the project is terminated.

     Your Committee received written comments in support of this measure from the Stadium Authority.

     Your Committee finds that the stadium development project requires continued oversight and support to facilitate the timely and effective completion of the project.  Accordingly, this measure requires the Stadium Authority to meet any conditions placed on appropriations by the Legislature, prior to expenditure, and conditions the appropriation amounts for fiscal year 2025-2026 on certain project readiness milestones.

     Your Committee has amended this measure by:

     (1)  Requiring any private donations received by the Stadium Authority and deposited into the stadium development special fund to be used only for infrastructure related to the stadium and costs associated with the development of the stadium; and

     (2)  Adding an appropriation of an unspecified amount for fiscal year 2026-2027.

     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. 1589, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1589, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

STAND. COM. REP. NO. 660

Honolulu, Hawaii

RE:    S.B. No. 1589

       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 Economic Development and Tourism, to which was referred S.B. No. 1589 entitled:

"A BILL FOR AN ACT RELATING TO THE STADIUM DEVELOPMENT SPECIAL FUND,"

begs leave to report as follows:

     The purpose and intent of this measure is to:

     (1)  Require that conditions placed on appropriations to the Stadium Development Special Fund be met before expenditure; and

     (2)  Appropriate funds out of the Stadium Development Special Fund, subject to the completion of specific project readiness conditions.

     Your Committee received comments on this measure from the Department of Attorney General and Stadium Authority.

Your Committee finds that continued oversight and support are necessary to ensure the successful completion of the New Aloha Stadium Entertainment District and to realize the copious benefits this significant public-private partnership promises.  This measure maintains accountability by requiring that the Stadium Authority meet any condition set by the Legislature on an appropriation to the Stadium Development Special Fund before its expenditure.

     Your Committee has amended this measure by:

     (1)  Clarifying that if the New Aloha Stadium Entertainment District Project is terminated before completion, all moneys remaining in the Stadium Development Special Fund that are not expended or encumbered shall lapse to the general fund;

     (2)  Inserting an effective date of July 1, 2050, to encourage further discussion; and

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

     As affirmed by the record of votes of the members of your Committee on Economic Development and Tourism that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1589, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1589, S.D. 1, and be referred to your Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Economic Development and Tourism,