Bill Text: HI HB2054 | 2010 | Regular Session | Amended

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Bill Title: University of Hawaii; Fiscal Autonomy

Spectrum: Partisan Bill (Democrat 14-0)

Status: (Engrossed - Dead) 2010-03-03 - (S) Referred to HRE, WAM. [HB2054 Detail]

Download: Hawaii-2010-HB2054-Amended.html

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STAND. COM. REP. NO.  658-10

 

Honolulu, Hawaii

                , 2010

 

RE:   H.B. No. 2054

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 2054 entitled:

 

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

 

begs leave to report as follows:

 

     The purpose of this bill is to give the University of Hawaii (UH) the following forms of fiscal autonomy from the Comptroller beyond June 30, 2011, by:

 

     (1)  Denying the Comptroller the authorization to have complete supervision over all of UH's accounts;

 

     (2)  Allowing UH to install an accounting system designed for colleges and universities, instead of the system used by other state agencies;

 

     (3)  Allowing UH to develop new and change existing business and accounting forms, without the prior approval of the Comptroller, except forms of statewide use in the State's accounting system; and

 

     (4)  Allowing UH's chief financial officer, instead of the Comptroller, to approve the assignment of debt by UH's creditors.

 

     This bill also, on a permanent basis, gives the Comptroller access to certain UH fiscal matters by:

 

     (1)  Authorizing the Comptroller to require UH to provide information necessary for the Comptroller to prepare required financial statements; and

 

     (2)  Requiring UH to report to the Comptroller at least 15 days after each quarter, all transactions relating to moneys held outside of the state treasury.

 

     The University of Hawaii System testified in support of this bill.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2054 and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ MARCUS R. OSHIRO, Chair