A bill that cleared the Hawaii Legislature, S.B. 2930 (introduced by Senators Angus McKelvey, Stanley Chang, and Troy Hashimoto), would raise the expenditure ceiling on the State Risk Management Revolving Fund, established under section 41D-4 of the Hawaii Revised Statutes. The fund holds the property and liability insurance proceeds the state received after state facilities and other property in Lahaina were damaged or destroyed in the 2023 Maui wildfires. According to the bill’s findings, those proceeds are “intended to be used to repair, rebuild, and restore impacted state facilities and infrastructure.”
