Hawaii SB1476 amends capital advancement contract limits for the Department of Transportation.
Hawaii SB1476 modifies the Hawaii Revised Statutes to allow the Department of Transportation to execute capital advancement contracts up to $5,000,000 without legislative approval. Previously, contracts over $2,000,000 required legislative approval. The total aggregate value of all contracts in a fiscal year is capped at $20,000,000. The department must report all executed contracts to the legislature annually.
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