Report Title:

Counties; Fiscal Year

Description:

Changes the fiscal year for county fiscal administration purposes. (SD1)

THE SENATE

S.B. NO.

3051

TWENTY-THIRD LEGISLATURE, 2006

S.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO COUNTY FISCAL ADMINISTRATION.

 

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

SECTION 1. Section 46-41, Hawaii Revised Statutes, is amended to read as follows:

"§46-41 Budgets; financial records on fiscal year basis. Except as otherwise provided in this chapter, all counties shall maintain accounting and financial records on a fiscal year basis, beginning on July 1 or another day of [one] a calendar year and ending on [June 30] the appropriate day of the next succeeding calendar year. Counties may prepare a budget for a one-or two-year period; provided that accounting and financial records are maintained on a fiscal year basis as described above."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval and shall apply to years beginning after December 31, 2005.