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Ka 'Aha'ōlelo Moku'āina 'O Hawai'i

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Measure details
Measure Title: RELATING TO THE POMAIKAI HAWAII FUND.
Report Title: Director of Finance; Pomaikai Hawaii Fund; Sovereign Wealth Fund; Special Land and Development Fund; Investment; Dividend Distribution; Qualified Residents; Rules; Reports
Description: Establishes the Pomaikai Hawaii Fund, a state-owned sovereign wealth fund, into which certain portions of the transient accommodations tax revenues, moneys from general fund balance surpluses, moneys from civil action settlements where the State is a party, and a portion of the proceeds from the sale or other disposition of public lands shall be deposited. Establishes a Board of Directors to manage and invest the moneys in the Fund and distribute the earnings to qualified residents of the State beginning calendar year 2030. Requires the Board to adopt rules. Requires the Director of Finance to provide guidance to the Board on the establishment and administration of the Fund. Requires reports to the Legislature.
Companion:
Package: None
Current Referral: EDT, WAM/JDC
Introducer(s): CHANG, FEVELLA, RHOADS
Act:

Measure Status History

Sort by Date
DateChamberStatus Text
1/26/2026SReferred to EDT, WAM/JDC.
1/21/2026SIntroduced and passed First Reading.
1/14/2026SPending Introduction.

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