SB 1285

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

By Senator(s) MIZUGUCHI (BR)

Companion Bill: HB 1039

Subjects: Governor

Report Title: Rainy day fund

Description: Repeals the excess revenue tax refund. Establishes a fund for emergency and budget reserve purposes. Clarifies that appropriations to the fund are excluded from the general fund expenditure ceiling.

 1-26-99        S Introduced and passed First Reading                      
 1-28-99        S Referred to 1. WAM 2. JDC