Increases the cap on capital advancement contracts for state harbor improvements.

This bill amends Hawaii Revised Statutes to increase the cap on capital advancement contracts for state harbor improvements. It allows the Department of Transportation to enter into contracts with private parties for public improvements to state ports, harbors, and waterfronts. The bill raises the cap on individual contracts from $2,000,000 to an unspecified amount and the aggregate cap from $5,000,000 to an unspecified amount. Contracts over $2,000,000 require legislative approval. The bill also mandates annual reporting to the legislature on executed contracts.

Increases the cap on capital advancement contracts for state harbor improvements.

This bill amends Hawaii Revised Statutes to increase the cap on capital advancement contracts for state harbor improvements. It allows the Department of Transportation to enter into contracts with private parties for public improvements to state ports, harbors, and waterfronts. The bill raises the cap on individual contracts from $2,000,000 to an unspecified amount and the aggregate cap from $5,000,000 to an unspecified amount. Contracts over $2,000,000 require legislative approval. The bill also mandates annual reporting to the legislature on executed contracts.