Modernizes fiscal governance for the University of Hawaii by introducing block appropriations, a budget stabilization fund, and performance-based.

This bill modernizes the fiscal governance of the University of Hawaii by granting it greater budgetary autonomy. Beginning with fiscal year 2027-2028, the university will be exempt from line-item budget requests and will submit program-level budget narratives. It establishes a budget stabilization fund to mitigate tuition increases and revenue shortfalls, funded by unexpended balances, tuition, fees, legislative appropriations, and investment earnings.

Modernizes fiscal governance for the University of Hawaii by introducing block appropriations, a budget stabilization fund, and performance-based.

This bill modernizes the fiscal governance of the University of Hawaii by granting it greater budgetary autonomy. Beginning with fiscal year 2027-2028, the university will be exempt from line-item budget requests and will submit program-level budget narratives. It establishes a budget stabilization fund to mitigate tuition increases and revenue shortfalls, funded by unexpended balances, tuition, fees, legislative appropriations, and investment earnings.