HI SB 2199
died on adjournmentRELATING TO THE POMAIKAI HAWAII FUND.
Hawaii · 2026 Regular Session · upper
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Quick answers
Did HI SB 2199 pass?
No. HI SB 2199 died when the 2026 Regular Session adjourned without final action on it. Bills that die this way are sometimes reintroduced in a later session. Latest recorded action (2026-01-26): Referred to EDT, WAM/JDC.
What is HI SB 2199 about?
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.
Who sponsors HI SB 2199?
CHANG, FEVELLA, RHOADS are the primary sponsors of HI SB 2199.
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.
- Introduced
- 2026-01-21
- Latest action
- 2026-01-26 — Referred to EDT, WAM/JDC.
- Bill type
- bill
- Last updated
- —
Subjects
Sponsors
- CHANGprimary
- FEVELLAprimary
- RHOADSprimary
Committees
Not provided by source.
Action timeline
Newest first
2026-01-26
Referred to EDT, WAM/JDC.
referral-committee
2026-01-21
Introduced and passed First Reading.
introduction,reading-1
2026-01-14
Pending Introduction.
Versions
- SB2199Compare
Documents
Votes
Not provided by source.
Related bills
No related bills recorded for this bill.
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:20:09.051962Z
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