Authorizes the University of Hawaii to issue revenue bonds for acquiring the Saint Francis School campus.

The bill authorizes the University of Hawaii's Board of Regents, with the governor's approval, to issue revenue bonds to finance the acquisition of the Saint Francis School campus in Honolulu. The total principal amount of the bonds is not specified but is subject to certain conditions. The bill also appropriates funds from the state's general revenues for fiscal year 2025-2026 to cover the acquisition costs. Any unexpended funds will not lapse at the end of fiscal year 2025-2026 but will lapse on June 30, 2028. The act takes effect on July 1, 2025.

Authorizes the University of Hawaii to issue revenue bonds for acquiring the Saint Francis School campus.

The bill authorizes the University of Hawaii's Board of Regents, with the governor's approval, to issue revenue bonds to finance the acquisition of the Saint Francis School campus in Honolulu. The total principal amount of the bonds is not specified but is subject to certain conditions. The bill also appropriates funds from the state's general revenues for fiscal year 2025-2026 to cover the acquisition costs. Any unexpended funds will not lapse at the end of fiscal year 2025-2026 but will lapse on June 30, 2028. The act takes effect on July 1, 2025.