Requesting a study on the feasibility and benefits of establishing a state-owned sovereign wealth fund in Hawaii.

This bill asks the Department of Budget and Finance to study the potential of creating a state-owned sovereign wealth fund. Such a fund would hold and invest state assets to generate long-term financial returns for Hawaii's citizens. The study will explore how such a fund could strengthen fiscal stability, support economic development, and ensure wealth preservation for future generations. The Department must submit its findings and recommendations, including any proposed legislation, to the Legislature before the 2027 session.

Requesting a study on the feasibility and benefits of establishing a state-owned sovereign wealth fund in Hawaii.

This bill asks the Department of Budget and Finance to study the potential of creating a state-owned sovereign wealth fund. Such a fund would hold and invest state assets to generate long-term financial returns for Hawaii's citizens. The study will explore how such a fund could strengthen fiscal stability, support economic development, and ensure wealth preservation for future generations. The Department must submit its findings and recommendations, including any proposed legislation, to the Legislature before the 2027 session.