Bill Text: HI HB1322 | 2012 | Regular Session | Amended

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Bill Title: University of Hawaii; Special Funds; Revolving Funds

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Enrolled - Dead) 2012-04-13 - (H) Received notice of all Senate conferees being discharged (Sen. Com. No. 747). [HB1322 Detail]

Download: Hawaii-2012-HB1322-Amended.html

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STAND. COM. REP. NO. 1167

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 1322

       H.D. 2

       S.D. 2

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 1322, H.D. 2, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO CERTAIN FUNDS OF THE UNIVERSITY OF HAWAII,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to:

 

     (1)  Convert certain revolving funds of the University of Hawaii into special funds; and

 

     (2)  Repeal certain funds of the University of Hawaii and transfer the remaining balances to specified alternate funds.

 

     Your Committee received written comments in support of this measure from Howard Todo, Vice President for Budget & Finance/Chief Financial Officer, University of Hawaii System.

 

     Your Committee finds that the University of Hawaii System currently has over forty-five special, revolving, and trust funds.  Your Committee further finds that repealing or reclassifying certain funds will provide the University of Hawaii System with greater flexibility and increased efficiency in the use and management of these funds.

 

     Your Committee has amended this measure by:

 

     (1)  Making a conforming amendment to reflect the conversion of the discoveries and inventions revolving fund into a special fund;

 

     (2)  Correcting a reference to the University of Hawaii commercial enterprises revolving fund; and

 

     (3)  Changing the effective date to July 1, 2011.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1322, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1322, H.D. 2, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

		____________________________ DAVID Y. IGE, Chair