SB 2199

Hawaii Senate bill in Session 2026.

Status: in_committee. Latest action: January 26, 2026.

Director of Finance; Pomaikai Hawaii Fund; Sovereign Wealth Fund; Special Land and Development Fund; Investment; Dividend Distribution; Qualified Residents; Rules; Reports.

Bill ID HI-2026-SB-2199
Session 2026
Status in_committee
Committee EDT, WAM/JDC
Senate in_committee 2026-01-26
Tax / Budget / Appropriations
Summary

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.

Sponsor
Stanley Chang
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2026-01-26 Status in_committee
2026-01-26 Latest Action Referred to EDT, WAM/JDC.
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