Report Title:

Emergency Appropriation; Risk Management

Description:

Makes emergency appropriations of $800,000 in general funds to the State Risk Management Revolving Fund for fiscal year 2006-2007.  Increases the State Risk Management revolving fund spending ceiling $3,000,000.  And increases by $2.93 million the special fund department's/agency's ceilings in fiscal year 2006-2007.  (SD1)

THE SENATE	S.B. NO.	1313
TWENTY-FOURTH LEGISLATURE, 2007		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

MAKING AN EMERGENCY APPROPRIATION FOR RISK MANAGEMENT.

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

     SECTION 1.  This Act is recommended by the governor for immediate passage in accordance with section 9 of article VII of the Constitution of the State of Hawaii.

     SECTION 2.  The purposes of this Act are to make an emergency appropriation and increase the spending ceiling of the state risk management revolving fund (the Fund) by $3,000,000 to $21,450,000, to make an infusion of general funds of $800,000 into the state risk management revolving fund, to increase the special fund spending ceilings of the departments or agencies by $2,926,000, and to transfer those funds to the state risk management fund.

     SECTION 3.  There is appropriated out of the general revenues of the State of Hawaii the sum of $800,000 for fiscal year 2006-2007, to be deposited into the state risk management revolving fund created in section 41D-4, Hawaii Revised Statutes.

     SECTION 4.  There is appropriated out of the following special funds and revolving funds of the following departments and agencies, the combined sum of $2,926,000 in special funds and revolving funds for fiscal year 2006-2007, to be paid into the state risk management revolving fund.  There is appropriated out of the special funds or revolving funds of the following departments and agencies, the sums below for fiscal year 2006-2007, to be paid into the state risk management revolving fund:

     Business & Economic Development and Tourism

      Foreign Trade Zone

          BED 107  Foreign-Trade Zones Special Fund  $    6,000

      Hawaii Tourism Authority

          BED 113  Tourism Special Fund              $  165,000

      High Technology Development

       Corporation/Hawaii Center

       for Advanced Transportation

       Technologies

          BED 143  U.S. Air Force MORD-HEVDP         $    4,000

      High Technology Development

      Corporation

          BED 143  High Technology Special Fund      $    5,000

      Hawaii Community Development

      Authority

          BED 150  Hawaii Community Development

          Revolving Fund                             $   42,000

      Transportation-Airports

          TRN 195  Airports Division                 $1,395,000

      Transportation-Highways

          TRN 595  Highways Division                 $  309,000

     Hawaii Health Systems Corp.

          HTH 210  Hawaii Health Systems

                   Corporation Operating             $  223,000

     Hawaii Public Housing Authority

          HMS 220  Rental Housing Program            $  777,000

     SECTION 5.  There is appropriated out of the state risk management revolving fund the sum of $3,000,000 for fiscal year 2006-2007.

     SECTION 6.  In accordance with section 9 of article VII of the Constitution of the State of Hawaii and sections 37-91 and 37-93, Hawaii Revised Statutes, the legislature has determined that the general fund expenditure ceiling for fiscal year 2006-2007 (established at $5,357,987,705 on November 8, 2006) has already been exceeded by $90,137,694, or 1.68 per cent.  The appropriations contained in this Act will cause the state general fund expenditure ceiling for fiscal year 2006-2007 to be exceeded by an additional $800,000, or an additional 0.015 per cent.  The calculation contained in the foregoing sentence relates only to the amount of general funds appropriated in this Act for fiscal year 2006-2007.  The reasons for exceeding the general fund expenditure ceiling are that the appropriations made in this Act are necessary to serve the public interest and to meet the needs provided for by this Act.

     SECTION 7.  All sums appropriated in this Act shall be expended by the department of accounting and general services for the purposes of this Act.

     SECTION 8.  This Act shall take effect upon its approval.