Requesting a study on the feasibility and benefits of establishing a state-owned sovereign wealth fund in Hawaii.
The bill requests the Department of Budget and Finance to conduct a study on the feasibility and benefits of creating a state-owned sovereign wealth fund. This fund would invest state revenues from tourism, budget surpluses, and legal settlements for long-term benefits. The study will assess how such a fund could support economic development, fiscal stability, and intergenerational equity. It will also explore the potential for distributing investment earnings to qualified residents to help with the high cost of living.
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