HB 1039 HD 1

PROPOSING AMENDMENT OF ARTICLE VII OF THE HAWAII CONSTITUTION TO ESTABLISH AN EMERGENCY AND BUDGET RESERVE FUND

By Representative(s) SAY (BR)

Companion Bill: SB 1285

Subjects: Governor

Keywords: BUDGETS, CONSTITUTIONAL AMENDMENTS, CONSTITUTIONAL AMENDMENTS, GOVERNMENT FISCAL POLICIES, INCOME TAX, TAX CREDITS OR REFUNDS, TAXATION

Report Title: Emergency And Budget Reserve F

Description: Proposes a constitutional amendment to: (1) Distribute excess revenues equally: half to taxpayers in the form of a tax refund or credit and half to a "rainy day fund" to be known as the Emergency and Budget Reserve Fund; and (2) Apply the general fund expenditure ceiling to expenditures authorized from the emergency and budget reserves fund?" (HB1039 HD1)

 1-27-99        H Introduced and passed First Reading                      
 1-28-99        H Referred to the committees on 1. JHA 2. FIN ,
                  referral sheet 5
 2- 3-99        H Re-referred to the committee on FIN, referral sheet         
                  8
 2-16-99        H Bill scheduled to be heard by FIN on Thursday,
                  02-18-99 at 2:00 P.M. in House conference room 308.
 2-18-99        H The committee(s) recommends that the measure be
                  deferred.
 3- 3-99        H Bill scheduled for decision making on Wednesday,
                  03-03-99 at 4:30 P.M.(after agenda #3) in House
                  conference room 308.
 3- 3-99        H The committee on FIN recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 3- 3-99        H The votes in FIN were as follows:13 Ayes: Rep.(s)
                  Takamine, Kawakami, Ahu Isa, Catalani, Goodenow,
                  Kahikina, Kanoho, Luke, Nakasone, Saiki, Schatz,
                  Suzuki, Yamane; Ayes with reservations: Rep.(s) Fox,        
                  Marumoto, Moses; 1 Noes: Rep.(s) Meyer; and none
                  Excused: Rep.(s)
 3- 5-99        H Reported from the committee on FIN (Stand. Com. Rep.        
                  No. 930) as amended in (HD 1), recommending passage         
                  on Second Reading and placement on the calendar for         
                  Third Reading
 3- 5-99        H Passed Second Reading as amended in (HD 1); placed
                  on the calendar for Third Reading  with
                  Representative(s) None voting no and
                  Representative(s) Moses, Okamura, Takamine excused
 3- 9-99        H Passed Third Reading as amended in (HD 1)                
 3- 9-99        H The vote was as follows:  36 aye(s) to 12 no(es),
                  with Representative(s) Arakaki, Auwae, Fox, Halford,        
                  Leong, Marumoto, McDermott, Meyer, Pendleton, Rath,         
                  Thielen, Whalen voting no and Representative(s)
                  Okamura, Moses, Yoshinaga excused
 3- 9-99        H Transmitted to Senate                                    
 3-11-99        S Received from House (Hse. Com. No. 387)                  
 3-11-99        S Passed First Reading and referred to 1. WAM 2. JDC