Bill Text: HI SR95 | 2013 | Regular Session | Introduced

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Bill Title: Task Force for Responsible Fiscal Action

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2013-03-19 - Referred to WAM. [SR95 Detail]

Download: Hawaii-2013-SR95-Introduced.html

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THE SENATE	S.R. NO.	95
TWENTY-SEVENTH LEGISLATURE, 2013
STATE OF HAWAII

SENATE RESOLUTION

 

 

REQUESTING THE DEPARTMENT OF BUDGET AND FINANCE TO CREATE A TASK FORCE FOR RESPONSIBLE FISCAL ACTION.

 

 

     WHEREAS, S.B. No. 764, Regular Session of 2013, would have created a task force for responsible fiscal action to be administratively placed under the Department of Budget and Finance; and

 

     WHEREAS, the purpose of the task force for responsible fiscal action is primarily to plan ahead for the long-term growth and stability of state finances by projecting revenues, expenditures, and the State's actuarial financial condition; and

 

     WHEREAS, it would be prudent for the State to proactively ensure the long-term financial health of the State through the formation of such a task force; now, therefore,

 

     BE IT RESOLVED by the Senate of the Twenty-seventh Legislature of the State of Hawaii, Regular Session of 2013, that the Department of Budget and Finance is requested to create a Task Force for Responsible Fiscal Action, comprised of the following members:

 

     (1)  The Director of Finance, or the Director's designee, who shall be an ex-officio voting member and serve as the Chair of the task force;

 

     (2)  Two members from the Executive branch to be appointed by the Governor;

 

     (3)  One member of the Senate to be appointed by the President of the Senate;

 

     (4)  One member of the Senate to be appointed by the Minority Leader of the Senate;

 

     (5)  One member of the House of Representatives to be appointed by the Speaker of the House of Representatives; and

 

     (6)  One member of the House of Representatives to be appointed by the Minority Leader of the House of Representatives; and

 

     BE IT FURTHER RESOLVED that the Task Force for Responsible Fiscal Action have the following duties:

 

     (1)  Review the fiscal imbalances of state government, including but not limited to:

 

         (A)  Analyses of projected state expenditures;

         (B)  Analyses of projected state revenues; and

         (C)  Analyses of the current and long-term actuarial financial condition of state government;

 

     (2)  Identify factors that affect the long-term fiscal imbalances of state government; and

 

     (3)  Analyze potential courses of action to address factors that affect the long-term fiscal imbalance of state government; and

 

     BE IT FURTHER RESOLVED that the Department of Budget and Finance provide technical support to the task force; and

 

     BE IT FURTHER RESOLVED that the task force is required to submit a report of its findings and recommendations, including any proposed legislation, to the Legislature no later than twenty days prior to the convening of the Regular Session of 2014 and be dissolved on June 30, 2014; and

 

     BE IT FURTHER RESOLVED that certified copies of this Resolution be transmitted to the Governor, Director of Finance, President of the Senate, Speaker of the House of

Representatives, Minority Leader of the Senate, and Minority Leader of the House of Representatives.

 

 

 

	OFFERED BY:	_____________________________

Report Title: 

Task Force for Responsible Fiscal Action