Bill Text: HI HB1829 | 2010 | Regular Session | Amended
Bill Title: Economic Stimulus; Federal Spending; Matching Funds
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Engrossed - Dead) 2009-05-11 - Carried over to 2010 Regular Session. [HB1829 Detail]
Download: Hawaii-2010-HB1829-Amended.html
Report Title:
Economic Stimulus; Federal Spending; Matching Funds
Description:
Directs the state Director of Finance to release funds for county projects required to match funds counties are to receive from the American Recovery and Reinvestment Act within 15 days of receipt of federal funds and to release funds for state projects required to match funds the State is to receive from the Act within 30 days of receipt of federal funds. (HB1829 HD1)
|
HOUSE OF REPRESENTATIVES |
H.B. NO. |
1829 |
|
TWENTY-FIFTH LEGISLATURE, 2009 |
H.D. 1 |
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO ECONOMIC STIMULUS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. With Congress on the verge of passing a massive $825,000,000 economic stimulus plan, President Barack Obama, on Wednesday, January 28, 2009, stated that he envisions the money going "out the door immediately" once Congress acts. The American Recovery and Reinvestment Act became law on February 17, 2009, however, many parts of the Act that directly benefit state and county projects require matching funds from the states and municipalities.
The purpose of this Act is to keep in step with the federal economic stimulus program and require that the state director of finance release needed matching funds for county and state projects within fifteen and thirty days of the receipt of federal funds, respectively, to bring the benefits of the American Recovery and Reinvestment Act to the people of Hawaii at the earliest practicable time.
SECTION 2. The state director of finance is directed to release funds required to match federal funds from the American Recovery and Reinvestment Act within:
(1) Fifteen days of the receipt of federal funds for county projects; and
(2) Thirty days of the receipt of federal funds for state projects.
SECTION 3. The governor and the mayor of each county are directed to submit annual reports to the legislature no later than twenty days prior to the convening of each regular session, with information containing:
(1) The dates of the receipt of federal funds from the American Recovery and Reinvestment Act for each state and county project and the dates of the release of matching funds for each project by the state director of finance; and
(2) The present status of each state and county program that was funded by the American Recovery and Reinvestment Act and matching state funds.
SECTION 4. This Act shall take effect upon its approval and be repealed on December 31, 2012.
