Hawaii Senate Bill 1227

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 25 2023 - 25% progression
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: Senate Labor and Technology Committee
Text: Latest bill text (Introduced) [HTML]

Requires the employees' retirement system, in evaluating venture capital investments, to consider opportunities in industries that will sustain Hawaii's natural environment or produce economic opportunities for its residents, including renewable energy businesses and businesses that use the investment capital to acquire the infrastructure and services needed to become energy sustainable. If the employees' retirement system board of trustees determines that it is not prudent to invest in any Hawaii venture capital meeting this description, requires the board to report the rationale for the decision in its annual report to the legislature. Appropriates funds to the Hawaii targeted investment program.

Relating To The Employees' Retirement System Of The State Of Hawaii.

Sen. Gil Keith-agaran [D]

Date	Chamber	Action
2023-12-11		Carried over to 2024 Regular Session.
2023-01-31	Senate	Re-Referred to LBT, WAM.
2023-01-27	Senate	Referred to LBT/EET, WAM.
2023-01-25	Senate	Passed First Reading.
2023-01-25	Senate	Introduced.

SB1227 (Carry Over) 2023-01-31 - Re-Referred to LBT, WAM.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1227&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB1227_.HTM