Eliminates certain funds that do not meet the criteria for continuation, and transfers remaining balances from these special and revolving funds to the general fund. Transfers excess balances from a number of other funds to the general fund. Specifies division of excess amounts of tobacco settlement moneys appropriated into university revenue undertakings fund between "rainy day" fund and tobacco prevention and control trust fund. (HB1152 CD1)

A BILL FOR AN ACT

PART I

The purpose of this part is to repeal certain revolving and special funds that no longer serve the purpose for which they were originally established, are not an appropriate means of financing for the programs or activities, or are not financially self-sustaining. Unexpended and unencumbered balances in the funds shall be transferred to the state general fund. General fund appropriations are provided in fiscal year 2003-2004 and fiscal year 2004-2005 to finance the continuation of selected programs or activities.

SECTION 1. Section 125C-7, Hawaii Revised Statutes, is repealed.

["§125C-7 Petroleum products control fund. (a) There is established in the state treasury a revolving fund to be known as the petroleum products control fund. All fees or charges collected for services furnished or petroleum products sold, all moneys borrowed, and all contributions or grants of money received under this chapter shall be deposited in this fund; provided that the governor may establish other suitable funds in the state treasury for the deposit and separate accounting of moneys contributed or granted for special purposes under this chapter. All moneys in the petroleum products control fund are appropriated for the purposes of this chapter and shall be expended by the governor or the governor's authorized representative. The governor or the governor's authorized representative may expend and use the moneys in the petroleum products control fund to purchase petroleum products, to obtain services, equipment, materials, and supplies necessary under this chapter, and to repay moneys borrowed under this chapter.

(b) The governor's authorized representative shall submit requests to the governor to withdraw moneys from the petroleum products control fund as may be necessary for expenditure, by or under the direction of the governor, for immediate relief in the event of a shortage, or when the governor determines a shortage to be imminent and unavoidable; provided that not more than $500,000 shall be expended for the immediate relief of any single shortage.

(c) In expending the moneys, the governor's authorized representative may allot any portion thereof to any state or county agency, office, or employee, for relief of the conditions created by the shortage. The governor may determine whether a shortage contemplated by this section has occurred, or is imminent and unavoidable. The determination of the governor in this matter shall be conclusive.

(d) The governor's authorized representative may expend funds from the petroleum products control fund during ordinary petroleum market conditions for planning and preparation to respond to a shortage."]

SECTION 2. Section 201-15, Hawaii Revised Statutes, is repealed.

["[§201-15] Hawaii film facility special fund. There is established in the state treasury a fund to be known as the Hawaii film facility special fund, into which shall be deposited all moneys and fees from tenants or other users of the department's film facility, and appropriations from the legislature. All moneys in the fund are hereby appropriated for the purposes of and shall be expended by the department for the operation, maintenance, and management of its film facility."]

SECTION 3. Section 201-106, Hawaii Revised Statutes, is repealed.

["[§201-106] Clean Hawaii fund established. (a) There is established within the state treasury a special fund to be known as the clean Hawaii fund, which shall be administered and used by the department to market and promote the development of local processing and manufacturing industries for collected recycled materials. All moneys derived from the following sources to market and promote the development of local processing and manufacturing industries for collected recycled materials shall be deposited into the fund:

(1) Moneys appropriated to the fund by the legislature;

(4) Moneys received in fees, royalties, or premiums;

(5) Private grants, contracts, or gifts;

(6) Funds from other sources; and

(7) Earnings on investments.

(b) The department may use moneys in the clean Hawaii fund to:

(c) The director may execute contracts and adopt rules pursuant to chapter 91 to implement the purposes of the clean Hawaii fund."]

SECTION 4. Subpart N of part III of chapter 201G, Hawaii Revised Statutes, is repealed.

SECTION 5. Section 211E-2, Hawaii Revised Statutes, is repealed.

["§211E-2 Hawaii innovation development fund; establishment. (a) There is established a revolving fund to be known as the Hawaii innovation development fund, that shall be administered by the department of business, economic development, and tourism for the purpose of promoting the development of new products or inventions that have direct economic benefits for Hawaii. The department shall provide low interest loans pursuant to subsection (b) to inventors for the development of their new product or invention. All moneys received as repayment of loans and interest payment shall be deposited in the fund. The department may transfer moneys from the Hawaii innovation development fund established by this section to either the state disaster revolving loan fund established by section 209-34, or the Hawaii capital loan revolving fund established by section 210-3, and moneys from these three funds shall be disbursed by the department or the director pursuant to chapters 209, 210, and 211E, respectively. The department or the director may transfer moneys from the state disaster revolving loan fund and the Hawaii capital loan revolving fund to the Hawaii innovation development fund for disbursement pursuant to this chapter:

(b) The department shall adopt rules pursuant to chapter 91 to carry out the purposes of this chapter including the following:

SECTION 6. Section 225M-5, Hawaii Revised Statutes, is repealed.

["[§225M-5] Statewide planning and geographic information system special fund. (a) There is established in the state treasury the statewide planning and geographic information system special fund, into which shall be deposited:

(b) The statewide planning and geographic information system special fund shall be used to help defray the costs of the following:

(c) Investment earnings credited to the assets of the fund shall become a part of the assets of the fund."]

SECTION 7. Section 210-3, Hawaii Revised Statutes, is repealed.

["§210-3 Hawaii capital loan revolving fund. (a) There is established the Hawaii capital loan revolving fund into which shall be deposited all moneys received as repayment of loans and interest payments as provided in this chapter. The department may utilize a portion of the moneys contained in the Hawaii capital loan revolving fund for programs associated with administering the fund and its mandated purpose. The department may transfer moneys from the Hawaii capital loan revolving fund established by this section to the Hawaii technology loan revolving fund established by section 206M-15.6, the state disaster revolving loan fund established by section 209-34, the Hawaii innovation development fund established by section 211E-2, or the Hawaii strategic development corporation fund established by chapter 211F, and moneys from these funds shall be disbursed by the department or the director pursuant to chapters 206M, 209, 210, 211E, and 211F, respectively. The department or the director may transfer moneys from the state disaster revolving loan fund and the Hawaii innovation development fund to the Hawaii capital loan revolving fund for disbursement pursuant to this chapter.

(b) The total amount of moneys transferred to the state disaster revolving loan fund, the Hawaii capital loan revolving fund, or the Hawaii innovation development fund shall not exceed $1,000,000 for each respective fund within the calendar year. Any transfers to or from the Hawaii technology loan revolving fund shall be approved by the corporation's board of directors.

(c) Notwithstanding subsection (b) to the contrary, the total amount of moneys transferred between the state disaster revolving loan fund and the Hawaii capital loan revolving fund or the Hawaii innovation development fund shall not exceed $1,000,000 within the calendar year if the governor proclaims a state disaster pursuant to section 209-2.

(d) The department shall report any transfer of funds made under this section to the legislature within ten days of the transfer."]

SECTION 8. Section 211F-5, Hawaii Revised Statutes, is repealed.

["[§211F-5] Hawaii strategic development corporation revolving fund. There is established the Hawaii strategic development corporation revolving fund. The following moneys shall be deposited into the Hawaii strategic development corporation revolving fund and shall not be considered part of the general fund: all moneys appropriated by the legislature, received as repayments of loans, earned on investments, received pursuant to a venture agreement, received as royalties, received as premiums or fees charged by the corporation, or otherwise received by the corporation."]

SECTION 9. Section 225M-6, Hawaii Revised Statutes, is amended to read as follows:

"[[]§225M-6[]] Fees for statewide geographic information system services. The office of planning may charge fees for statewide geographic information system services and products. [All fees collected for geographic information system analyses and other related services shall be deposited into the statewide planning and geographic information system special fund for the sole purpose of supporting the statewide planning and geographic information system.] The office shall adopt rules setting fees for geographic information system services and products."

SECTION 10. Act 142, Session Laws of Hawaii 1998, as amended by section 18 of Act 163, Session Laws of Hawaii 1999, as amended by section 19 of Act 39, Session Laws of Hawaii 2002, is amended by amending section 9 to read as follows:

"SECTION 9. This Act shall take effect upon its approval and shall be repealed on [July 31, 2003,] June 29, 2003, except that section 3 of this Act shall not be repealed; provided that sections 36-27 and 397-5(b), Hawaii Revised Statutes, shall be reenacted in the form in which they read on the day before the approval of this Act; and provided further that the amendments made to section 36-27, Hawaii Revised Statutes, by section 2 of Act 39, Session Laws of Hawaii 2002, shall be retained."

SECTION 11. On June 30, 2003, the director of finance shall transfer to the credit of the state general fund, all unexpended and unencumbered balances remaining in the petroleum products control fund established pursuant to section 125C-7, Hawaii Revised Statutes, as of June 29, 2003.

SECTION 12. On June 30, 2003, the director of finance shall transfer to the credit of the state general fund, all unexpended and unencumbered balances remaining in the Hawaii film facility special fund established pursuant to section 201-15, Hawaii Revised Statutes, as of June 29, 2003.

SECTION 13. On June 30, 2003, the director of finance shall transfer to the credit of the state general fund, all unexpended and unencumbered balances remaining in the clean Hawaii fund established pursuant to section 201-106, Hawaii Revised Statutes, as of June 29, 2003.

SECTION 14. On June 30, 2003, the director of finance shall transfer to the credit of the state general fund, all unexpended and unencumbered balances remaining in the homes revolving fund established pursuant to section 201G-401, Hawaii Revised Statutes, as of June 29, 2003.

SECTION 15. Any revenues owing to the homes revolving fund abolished by this Act shall be deposited into the dwelling unit revolving fund established by section 201G-411, Hawaii Revised Statutes.

SECTION 16. On June 30, 2003, the director of finance shall transfer to the credit of the state general fund, all unexpended and unencumbered balances remaining in the Hawaii innovation development fund established pursuant to section 211E-2, Hawaii Revised Statutes, as of June 29, 2003.

SECTION 17. On June 30, 2003, the director of finance shall transfer to the credit of the state general fund, all unexpended and unencumbered balances remaining in the statewide planning and geographic information system special fund established pursuant to section 225M-5, Hawaii Revised Statutes, as of June 29, 2003.

SECTION 18. On June 30, 2003, the director of finance shall transfer to the credit of the state general fund, all unexpended and unencumbered balances remaining in the boiler and elevator safety revolving fund established pursuant to section 397-5.5, Hawaii Revised Statutes, as of June 29, 2003.

SECTION 19. There is appropriated out of the general revenues of the State of Hawaii the sum of $175,431 or so much thereof as may be necessary for fiscal year 2003-2004 and the sum of $175,431 or so much thereof as may be necessary for fiscal year 2004-2005 to operate the Hawaii film studio. The sums appropriated shall be expended by the department of business, economic development and tourism.

PART II

SECTION 20. The legislature determines that there is in the cigarette tax stamp enforcement special fund at least $740,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the cigarette tax stamp enforcement special fund to the general fund the sum of $740,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 21. The legislature determines that there is in the medicaid investigations recovery fund at least $400,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the medicaid investigations recovery fund to the general fund the sum of $400,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 22. The legislature determines that there is in the litigation settlement clearance account at least $2,500,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the litigation settlement clearance account to the general fund the sum of $2,500,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 23. The legislature determines that there is in the Aloha Tower fund at least $1,600,000 in excess of the requirements of the fund. On July 1, 2004, the director of finance is authorized to transfer from the Aloha Tower fund to the general fund the sum of $1,600,000 or so much thereof as may be necessary for fiscal year 2004-2005.

SECTION 24. The legislature determines that there is in the dwelling unit revolving fund at least $15,000,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the dwelling unit revolving fund to the general fund the sum of $15,000,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 25. The legislature determines that there is in the teachers' housing revolving fund at least $400,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the teachers' housing revolving fund to the general fund the sum of $400,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 26. The legislature determines that there is in the housing finance revolving fund at least $3,000,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the housing finance revolving fund to the general fund the sum of $3,000,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 27. The legislature determines that there is in the Waialua loan and subsidy account at least $11,566 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the Waialua loan and subsidy account to the general fund the sum of $11,566 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 28. The legislature determines that there is in the compliance resolution fund at least $15,000,000 in excess of the requirements of the fund. On January 1, 2004, the director of finance is authorized to transfer from the compliance resolution fund to the general fund the sum of $15,000,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 29. The legislature determines that there is in the spouse and child abuse special account, established pursuant to section 601-3.6, Hawaii Revised Statutes, at least $200,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the spouse and child abuse special account, established pursuant to section 601-3.6, Hawaii Revised Statutes, to the general fund the sum of $200,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 30. The legislature determines that there is in the bureau of conveyances special fund at least $4,500,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the bureau of conveyances special fund to the general fund the sum of $4,500,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 31. The legislature determines that there is in the agricultural loan reserve fund at least $1,000,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the agricultural loan reserve fund to the general fund the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 32. The legislature determines that there is in the agricultural loan revolving fund at least $1,000,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the agricultural loan revolving fund to the general fund the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 33. The legislature determines that there is in the animal quarantine special fund at least $350,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the animal quarantine special fund to the general fund the sum of $350,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 34. The legislature determines that there is in the state disaster revolving fund at least $400,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the state disaster revolving fund to the general fund the sum of $400,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 35. The legislature determines that there is in the Waiahole water system revolving fund at least $400,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the Waiahole water system revolving fund to the general fund the sum of $400,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 36. The legislature determines that there is in the stadium special fund at least $100,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the stadium special fund to the general fund the sum of $100,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 37. The legislature determines that there is in the state motor pool revolving fund at least $900,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the state motor pool revolving fund to the general fund the sum of $900,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 38. The legislature determines that there is in the state parking revolving fund at least $2,200,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the state parking revolving fund to the general fund the sum of $2,200,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 39. The legislature determines that there is in the state identification revolving fund at least $100,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the state identification revolving fund to the general fund the sum of $100,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 40. The legislature determines that there is in the Hawaii capital loan revolving fund at least $4,000,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the Hawaii capital loan revolving fund to the general fund the sum of $4,000,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 41. The legislature determines that there is in the foreign trade zone special fund at least $50,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the foreign trade zone special fund to the general fund the sum of $50,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 42. The legislature determines that there is in the public utilities commission special fund, established pursuant to section 26-9(o), Hawaii Revised Statutes, in the department of commerce and consumer affairs at least $1,083,824 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the public utilities commission special fund, established pursuant to section 26-9(o), Hawaii Revised Statutes, in the department of commerce and consumer affairs to the general fund the sum of $1,083,824 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 43. The legislature determines that there is in the real estate education fund at least $150,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the real estate education fund to the general fund the sum of $150,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 44. The legislature determines that there is in the insurance commissioner's education training fund at least $355,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the insurance commissioner's education training fund to the general fund the sum of $355,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 45. The legislature determines that there is in the state health planning and development agency fund at least $171,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the state health planning and development agency fund to the general fund the sum of $171,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 46. The legislature determines that there is in the tobacco settlement special fund at least $1,900,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the tobacco settlement special fund to the general fund the sum of $1,900,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 47. The legislature determines that there is in the driver education and training fund, established pursuant to section 286G, Hawaii Revised Statutes, at least $500,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the driver education and training fund, established pursuant to section 286G, Hawaii Revised Statutes, to the general fund the sum of $500,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 48. The legislature determines that there is in the occupational safety and health training assistance fund at least $737,669 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the occupational safety and health training assistance fund to the general fund the sum of $737,669 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 49. The legislature determines that there is in the special land and development fund at least $3,000,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the special land and development fund to the general fund the sum of $3,000,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 50. The legislature determines that there is in the controlled substance registration revolving fund at least $200,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the controlled substance registration revolving fund to the general fund the sum of $200,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 51. The legislature determines that there is in the Halawa correctional facility inmate store fund at least $140,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the Halawa correctional facility inmate store fund to the general fund the sum of $140,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 52. The legislature determines that there is in the Oahu community correctional facility inmate store fund at least $130,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the Oahu community correctional facility inmate store fund to the general fund the sum of $130,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 53. The legislature determines that there is in the Waiawa correctional facility inmate store fund at least $50,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the Waiawa correctional facility inmate store fund to the general fund the sum of $50,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 54. The legislature determines that there is in the compliance resolution fund at least $3,000,000 in excess of the requirements of the fund. On January 1, 2005, the director of finance is authorized to transfer from the compliance resolution fund to the general fund the sum of $3,000,000 or so much thereof as may be necessary for fiscal year 2004-2005.

SECTION 55. The legislature determines that there is in the special land and development fund at least $3,000,000 in excess of the requirements of the fund. On July 1, 2004, the director of finance is authorized to transfer from the special land and development fund to the general fund the sum of $3,000,000 or so much thereof as may be necessary for fiscal year 2003-2004.

SECTION 56. The legislature determines that there is in the Hawaii strategic development corporation revolving fund at least $1,300,000 in excess of the requirements of the fund. On July 1, 2003, the director of finance is authorized to transfer from the Hawaii strategic development corporation revolving fund to the general fund the sum of $1,300,000 or so much thereof as may be necessary for fiscal year 2003-2004.

PART III

SECTION 57. Section 328L-2, Hawaii Revised Statutes, is amended by amending subsection (b) to read as follows:

"(b) The fund shall be used for the purpose of receiving, allocating, and appropriating the tobacco settlement moneys as follows:

SECTION 58. Section 502-8, Hawaii Revised Statutes, is amended to read as follows:

"[[]§502-8[]] Bureau of conveyances special fund. (a) There is established in the state treasury the bureau of conveyances special fund, into which shall be deposited the revenues remitted pursuant to sections 501-23.5 and 502-25, interest earnings, grants, donations, and appropriations from the legislature that shall be held separate and apart from all other moneys, funds, and accounts in the state treasury.

(b) Moneys in the bureau of conveyances special fund shall be used by the bureau of conveyances for the following purposes:

(c) All moneys in excess of $500,000 remaining on balance in the bureau of conveyances special fund on June 30 of each year shall lapse to the credit of the state general fund. On July 1, of each year, the director of finance is authorized to transfer any excess funds in the bureau of conveyances special fund to the state general fund."

SECTION 59. Section 103-8.5, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:

"(a) There is created a works of art special fund, into which shall be transferred one per cent of all state fund appropriations for capital improvements designated for the construction cost element; provided that this transfer shall apply only to capital improvement appropriations that are designated for the construction or renovation of state buildings. The one per cent transfer requirement shall not apply to appropriations from the passenger facility charge special fund established by section 261- ."

SECTION 60. Section 201G-341, Hawaii Revised Statutes, is repealed.

["[I. Housing Alteration Revolving Loan Fund

[§201G-341] Purpose; findings and determinations. The legislature finds that there are approximately one hundred twelve thousand persons of all ages with physical disabilities in the State. Many of them require alterations to their residences in order to accommodate their disabilities and assist them in maintaining independent lifestyles. These alterations include, but are not limited to, such basic alterations as modifications to kitchens, baths, doorways, doors, cabinets, drawers, windows, and other fixtures. These alterations are costly and largely unaffordable for persons with disabilities, many of whom live on a fixed income. The legislature further finds that the cost of these essential residential alterations is far less than the cost of the alternative of institutional care.

It is the purpose of this subpart to assist persons with physical disabilities by making available affordable loans for necessary alterations to their residences in order for them to maintain independent lifestyles."]

SECTION 61. Section 201G-343, Hawaii Revised Statutes, is repealed.

["[§201G-343] Program administration. The corporation, in administering the housing alteration revolving loan fund program, shall establish the terms and conditions, maturities, interest rates, collateral, and other requirements for loans. The corporation may take all necessary actions to collect any delinquent amounts in the event of a default in the payment of any installment of principal or interest on any loans made from the fund and to otherwise secure such loans in a manner which affords reasonable protection of the State's resources. The corporation may enter into agreements with or purchase services required for the purposes of this subpart from any state or national bank authorized to accept or hold deposits in the State."]

SECTION 62. Section 201G-344, Hawaii Revised Statutes, is repealed.

["[§201G-344 Rules. The corporation, in consultation with the disability and communication access board, shall adopt rules in accordance with chapter 91 with respect to the administration of this program and the fund, including but not limited to rules concerning income eligibility, certification of medical necessity, and degree of physical disability."]

SECTION 63. Section 201G-345, Hawaii Revised Statutes, is repealed.

["[§201G-345] Additional powers. The powers conferred upon the corporation by this subpart shall be in addition and supplemental to the powers conferred upon it by any other law, and nothing herein shall be construed as limiting any powers, rights, privileges, or immunities so conferred upon it."]

SECTION 64. Section 201G-422, Hawaii Revised Statutes, is repealed.

["[§201G-422] Additional powers. The powers conferred upon the corporation by this subpart shall be in addition and supplemental to the powers conferred upon it by any other law, and nothing herein shall be construed as limiting any powers, rights, privileges, or immunities so conferred upon it."]

PART IV

SECTION 65. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 66. This Act shall take effect on July 1, 2003, provided that: