Hawaii SB1476 increases the cap on capital advancement contracts without legislative approval to $5,000,000.
Hawaii SB1476 amends the Hawaii Revised Statutes to allow the Department of Transportation to execute capital advancement contracts up to $5,000,000 without needing legislative approval. Previously, contracts over $2,000,000 required legislative approval. The total value of all contracts in a fiscal year cannot exceed $20,000,000. The department must report to the legislature on all executed contracts annually.
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