Report Title:

Act 111; Science, Technology, and Education Special Fund; Appropriation

Description:

Establishes the science, technology, and education special fund and amends Act 111, SLH 2007, to provide funding for the special fund.

THE SENATE	S.B. NO.	2862
TWENTY-FOURTH LEGISLATURE, 2008
STATE OF HAWAII

A BILL FOR AN ACT

relating to education.

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

     SECTION 1.  Chapter 304A, part V, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

     "§304A-   Science technology and education special fund. (a)  There is established the science technology and education special fund, for the purposes of providing additional resources and expertise to stimulate the interest and achievement of students in science, technology, engineering, and mathematics skills, pursuant to sections 304A-1861, 304A-1862, and 304A-1863.

(b)  The following may be deposited into the special fund:  appropriations made by the legislature, private contributions, and moneys from other sources; provided that:

(1) Moneys on balance in the special fund at the close of each fiscal year shall remain in that fund and shall not lapse to the credit of the general fund;

(2) Any amount to be deposited into the special fund from the revenues collected under this chapter that causes the special fund to exceed $          shall be deposited into the general fund.  No further deposits from the revenues collected under this chapter shall be made into the special fund until the balance of the special fund drops below $          , in which event two and one-half per cent of the revenues collected under this chapter shall be deposited into the special fund until the balance equals $          ; and

(3) An amount from the special fund not exceeding five per cent of the total amount of outstanding loans may be set by the university to be used for administrative expenses incurred in administering the special fund."

     SECTION 2.  Act 111, Session Laws of Hawaii 2007, is amended by amending section 12 to read as follows:

     "SECTION 12.  There is appropriated out of general revenues of the State of Hawaii the sum of $1,402,230 or so much thereof as may be necessary for fiscal year 2007-2008 and the same sum or so much thereof as may be necessary for fiscal year 2008-2009 for deposit into the science technology and education special fund established under section 304A-  , Hawaii Revised Statutes, pursuant to Act    , Session Laws of Hawaii 2008, and the same sums or so much thereof as may be necessary shall be appropriated out of the science technology and education special fund for fiscal years 2007-2008 and 2008-2009 to establish the fostering inspiration and relevance through science and technology pre-academy program, including nine full-time equivalent (9.00 FTE) positions in the University of Hawaii college of engineering; provided that the sums appropriated shall be allocated as follows:

     (1)  $314,925 for fiscal year 2007-2008 and the same sum for fiscal year 2008-2009 for the robotics and problem-based, applied learning program; and

     (2)  $734,805 for fiscal year 2007-2008 and the same sum for fiscal year 2008-2009 for the research experiences for teachers program.

     The sums appropriated shall be expended by the University of Hawaii for the purposes of this part."

     SECTION 3.  The reviser of statues shall insert the act number of this Act in Section 2 of this Act.

     SECTION 4.  New statutory material is underscored.

     SECTION 5.  This Act shall take effect on June 29, 2008.

INTRODUCED BY:

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