[§435H-3.5]  Hawaii health connector annual sustainability plan.  (a)  Until June 30, 2018, the board shall submit a sustainability plan to the connector legislative oversight committee no later than ninety days prior to the start of each fiscal year of the connector.  The sustainability plan shall specify the amount of funding required to finance the operations and cash reserve of the connector for each ensuing fiscal year beginning on July 1; provided that the balance of the cash reserves shall not exceed the value of the cost of six months of administering and operating the connector.

     (b)  The sustainability plan submitted pursuant to subsection (a) shall include:

     (1)  A detailed itemized budget based upon zero-based budgeting principles for the upcoming fiscal year; and

     (2)  A detailed sustainability plan that includes a three-year budget projection for the upcoming three fiscal years.

     For the purposes of formulating the budget, "zero-based budgeting principles" means that the Hawaii health connector shall justify all projected allocations and expenditures, starting with an initial balance of zero dollars to spend.

     (c)  After June 30, 2018, the board shall not be required to file a sustainability plan pursuant to subsection (a). [L 2014, c 233, pt of §2]