Bill Text: HI HB1938 | 2024 | Regular Session | Introduced
Bill Title: Relating To The State Foundation On Culture And The Arts.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2024-01-24 - Referred to CAI, FIN, referral sheet 1 [HB1938 Detail]
Download: Hawaii-2024-HB1938-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
1938 |
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THIRTY-SECOND LEGISLATURE, 2024 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the state foundation on culture and the arts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 9, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§9-
Works of art; sale.
(a) The foundation may sell
works of art purchased by the foundation, including works of art purchased
using moneys from the works of art special fund; provided that:
(1) The sale of any
work of art shall only occur after the death of the artist or artists who
created the work of art; and
(2) The work of art
shall be sold at a fair market value, as determined by a third-party appraiser.
(b) The proceeds of the sale of any work of art purchased using moneys from the works of art special fund shall be deposited into the works of art special fund."
SECTION 2. Section 103-8.5, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) There is created a
works of art special fund, into which shall be [transferred one] deposited:
(1) One per
cent of all state fund appropriations for capital improvements designated for
the construction cost element; provided that this transfer shall apply only to
capital improvement appropriations that are designated for the construction or
renovation of state buildings[. The];
provided further that the one per cent transfer requirement shall not apply
to appropriations from the passenger facility charge special fund established
by section 261-5.5 and the rental motor vehicle customer facility charge
special fund established under section 261-5.6[.]; and
(2) The proceeds from the sale of any works of art pursuant to section 9- ."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
State Foundation on Culture and the Arts; Works of Art; Sale
Description:
Permits the State Foundation on Culture and the Arts to sell artwork purchased with moneys from the works of art special funds as long as the artist or artists who created the work has died and the work is sold at a fair market value as determined by a third-party appraiser. Requires the proceeds of any sale of artwork purchased using moneys from the works of art special fund to be deposited into the works of art special fund.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
