---
type: "Bill"
title: "RELATING TO STATE FUNDS."
description: "Clarifies the investment and funds management functions of the Department of Budget and Finance. (SD1)"
jurisdiction: "us/states/hi"
legislature: "Hawaii Legislature"
session: "2017 Regular Session"
identifier: "SB 939"
citation: "Hawaii SB 939 (2017 Regular Session)"
classification: ["bill"]
subjects: ["Investment and Deposit of State Funds"]
status: "enacted"
primary_sponsors: ["KOUCHI (Introduced by request of another party)"]
version_count: 1
action_count: 21
vote_count: 2
first_action: "2017-01-25"
last_action: "2017-04-26"
source: "openstates"
source_identifier: "ocd-bill/8e3d43f2-f160-4669-8c39-0a7845cabd4d"
source_url: "http://capitol.hawaii.gov/Archives/measure_indiv_Archives.aspx?billtype=SB&billnumber=939&year=2017"
source_hash: "a369c58cac623e116fca8ddfd7ff20f39bc188fb17cd701470145775da54bc68"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-hi"]
---

# Hawaii SB 939 (2017 Regular Session) — RELATING TO STATE FUNDS.

Clarifies the investment and funds management functions of the Department of Budget and Finance. (SD1)

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **SB939** (committee substitute) — [source](https://www.capitol.hawaii.gov/session2017/bills/SB939_.HTM)

## Votes

- The committees on FIN recommend that the measure be PASSED, UNAMENDED. — **15–0** (pass) · legislature
- The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. — **9–0** (pass) · legislature

## Sponsors

- KOUCHI (Introduced by request of another party) — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-01-25** Introduced. `introduction`
- **2017-01-25** Passed First Reading. `reading-1`
- **2017-01-25** Referred to WAM. `referral-committee`
- **2017-01-30** The committee(s) on WAM has scheduled a public hearing on 02-03-17 9:30AM in conference room 211.
- **2017-02-03** The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 9 Aye(s): Senator(s) Tokuda, Dela Cruz, English, Galuteria, Inouye, K. Kahele, Riviere, Shimabukuro, Wakai; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Harimoto, Taniguchi. `committee-passage-favorable`
- **2017-02-17** Reported from WAM (Stand. Com. Rep. No. 535) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
- **2017-02-17** Report adopted; Passed Second Reading, as amended (SD 1).
- **2017-02-17** 48 Hrs. Notice 02-21-17.
- **2017-02-21** Passed Third Reading, as amended (SD 1). Ayes, 23; Aye(s) with reservations: none . Noes, 0 (none). Excused, 2 (Senator(s) Ihara, Tokuda). Transmitted to House. `passage`
- **2017-02-21** Received from Senate (Sen. Com. No. 16) in amended form (SD 1). `introduction`
- **2017-02-22** Pass First Reading `reading-1`
- **2017-02-22** Referred to FIN, referral sheet 24 `referral-committee`
- **2017-03-17** Bill scheduled to be heard by FIN on Tuesday, 03-21-17 2:00PM in House conference room 308.
- **2017-03-21** The committees on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 15 Ayes: Representative(s) Luke, Cullen, Cachola, Choy, DeCoite, Gates, Holt, Kobayashi, LoPresti, Lowen, Nakamura, Tokioka, Quinlan, Yamashita, Ward; Ayes with reservations: none; 0 Noes: none; and 2 Excused: Representative(s) Keohokalole, Tupola. `committee-passage-favorable`
- **2017-04-05** Reported from FIN (Stand. Com. Rep. No. 1578), recommending passage on Second Reading and placement on the calendar for Third Reading.
- **2017-04-05** Passed Second Reading; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and none excused (0).
- **2017-04-06** Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Oshiro, Saiki, Say excused (3). Transmitted to Senate. `passage`
- **2017-04-07** Received from House (Hse. Com. No. 451). `introduction`
- **2017-04-07** Enrolled to Governor. `executive-receipt`
- **2017-04-26** Act 009, 04/26/2017 (Gov. Msg. No. 1109). `executive-signature`
- **2017-04-26** Act 009, on 04/26/2017 (Gov. Msg. No. 1109). `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/8e3d43f2-f160-4669-8c39-0a7845cabd4d`. Confidence: reported (aggregated from official Hawaii legislature records).