REPORT TITLE:
Schools Special Fund


DESCRIPTION:
Sets aside interest earned by the educational facilities
improvement special fund to be used solely for education
technology; gives legislature sole authority to authorize
projects.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           1251
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO EDUCATION.
 


BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Section 36-32, Hawaii Revised Statutes, is
 
 2 amended by amending subsection (a) to read as follows:
 
 3      "(a)  There is created in the treasury of the State the
 
 4 state educational facilities improvement special fund, into which
 
 5 shall be deposited a portion of all general excise tax revenues
 
 6 collected by the department of taxation under section 237-31.
 
 7 The special fund shall be used solely to plan, design, acquire
 
 8 lands for and to construct public school facilities and to
 
 9 provide equipment and technology infrastructure to improve public
 
10 schools and other facilities under the jurisdiction of the
 
11 department of education, except public libraries[.]; provided
 
12 that the interest earned on moneys deposited into the fund shall
 
13 be used solely for education technology.  In addition, activities
 
14 of the department of education intended to eliminate the gap
 
15 between the facility needs of schools and available resources
 
16 shall be eligible for funding from the special fund.
 
17 Expenditures from the special fund shall be limited to projects
 
18 authorized by the legislature [and shall be subject to sections
 
19 37-31, and 37-33 through 37-40].  Appropriations or
 

 
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                                     S.B. NO.           1251
                                                        
                                                        

 
 1 authorizations from the special fund shall be expended by the
 
 2 comptroller."
 
 3      SECTION 2.  Statutory material to be repealed is bracketed.
 
 4 New statutory material is underscored.
 
 5      SECTION 3.  This Act shall take effect upon its approval.
 
 6 
 
 7                           INTRODUCED BY:  _______________________