Bill Text: HI SB238 | 2011 | Regular Session | Amended
Bill Title: University of Hawaii; Carryover of Funds
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Engrossed - Dead) 2011-03-23 - (H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting no (0) and Belatti, Chang, Tokioka excused (3). [SB238 Detail]
Download: Hawaii-2011-SB238-Amended.html
|
THE SENATE |
S.B. NO. |
238 |
|
TWENTY-SIXTH LEGISLATURE, 2011 |
S.D. 2 |
|
|
STATE OF HAWAII |
H.D. 1 |
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO THE UNIVERSITY OF HAWAII.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Chapter 37, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:
"§37‑ University of Hawaii; carryover of funds. (a) The University of Hawaii may retain up to five per cent of general funds appropriated, except for appropriations to fund financing agreements entered into in accordance with chapter 37D, at the close of a fiscal year. The funds retained shall be carried over to the subsequent fiscal year and become part of that fiscal year's appropriation; provided that the retention of appropriated funds shall not be used as a basis for reducing the university's future budget requirements.
(b) The University of Hawaii shall submit:
(1) A report to the director of finance within ninety days after the close of each fiscal year, which shall be prepared in the form prescribed by the director of finance and shall identify the total amount of funds that will carry over to the next fiscal year; and
(2) A copy of this report to the legislature at least twenty days prior to the convening of the next regular session."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
Report Title:
University of Hawaii; Carryover of Funds
Description:
Allows the University of Hawaii to retain up to five per cent of its appropriated general funds and carry it over to the subsequent fiscal year. Requires reports to the Department of Budget and Finance and the Legislature. (SB238 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
