Establishes a state-owned bank implementation board to explore creating a public financial institution in Hawaii.
The bill establishes a state-owned bank implementation board within the Department of Commerce and Consumer Affairs. This board will evaluate the feasibility, costs, and benefits of establishing a state-owned bank in Hawaii. The board will examine models from other states and banking institutions, assess the economic impact, and consider the effects on existing banks and financial institutions. The board will also review the Bank of North Dakota and studies from Massachusetts.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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