General Obligation Bond Authorizations

At a glance

• What: Resolution 26-145 authorizes the Director of Budget and Fiscal Services to issue and sell up to $205,000,000 of general obligation bonds to finance amounts in capital budget ordinances. Resolution 26-146 authorizes up to $11,000,000 of general obligation bonds to finance capital costs of the Honolulu rail transit project (appropriated in Ordinance 26-13, Bill 23 of 2026).
• Outcome: both adopted July 8, 2026, 8-0 (Tulba absent). Okimoto moved committee reports 164(26) and 165(26); Nishimoto seconded. Billionaire testified in support of each.
• Related: wastewater revenue bonds in RES26-222 Wastewater junior revenue bonds, Series 2026 and RES26-225 Wastewater senior revenue bonds, Series 2026.

Sources

• City Council journal (minutes), regular meeting of July 8, 2026 (adopted August 12, 2026): https://hnldoc.ehawaii.gov/hnldoc/document-download?id=28796

Log

2026-07-08 - Regular Council

Both bond resolutions adopted 8-0.