Report Title:
GASB 34 Guidelines Implementation; Appropriation
Description:
Appropriates funds to implement GASB Guidelines.
|
THE SENATE |
S.B. NO. |
696 |
|
TWENTY-FIRST LEGISLATURE, 2001 |
||
|
STATE OF HAWAII |
||
|
|
A BILL FOR AN ACT
relating to government accounting principles.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to provide funding to ensure that the State of Hawaii is able to comply with the Governmental Accounting Standards Board Standard 34 (GASB 34) requirements while establishing a statewide strategy that will ensure that the State presents financial information that accurately and usefully depicts its financial status through technology.
SECTION 2. There is appropriated out of the general revenues of the State of Hawaii the sum of $750,000, or so much thereof as may be necessary for fiscal year 2001-2002, for the auditor to oversee the statewide implementation of GASB 34 to ensure that GASB 34 standards are fully implemented by July 1, 2003.
SECTION 3. The sum appropriated shall be expended by the auditor for the purposes of this Act.
SECTION 4. This Act shall take effect on July 1, 2001.
|
INTRODUCED BY: |
_____________________________ |