Report Title:
Department of Education; Federal Grants Revolving Fund
Description:
Expands the allowable use of the federal grants search, development, and application revolving fund to include monitoring and auditing. Changes the name of the fund to reflect the new allowable uses.
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THE SENATE |
S.B. NO. |
164 |
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TWENTY-FIFTH LEGISLATURE, 2009 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the federal grants search, development, and application revolving fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to include expenditures for monitoring grant execution, ensuring compliance with grant requirements, and auditing grant expenditures in the allowable uses of the federal grants search, development, and application revolving fund within the department of education. This Act also renames the fund to more accurately reflect its purpose.
SECTION 2. Section 302A-1405, Hawaii Revised Statutes, is amended to read as follows:
"[[]§302A-1405[]] Federal
grants [search, development, and application] revolving fund. (a)
There is established a federal grants [search, development, and application]
revolving fund into which shall be deposited the department's share of federal
indirect overhead reimbursements, pursuant to section 302A‑1404. Unless
otherwise provided by law, all other receipts shall immediately be deposited to
the credit of the general fund of the State. The department may expend funds
in the federal grants [search, development, and application] revolving
fund to search for discretionary grants [and], develop program
applications to secure additional revenues for the department[.],
monitor grant execution, ensure compliance with grant requirements, and audit
grant expenditures. Moneys in the revolving fund may be expended for
consultant services and operational expenses, including the creation and hiring
of temporary staff.
(b) The department shall prepare and submit an
annual report on the status of the federal grants [search, development, and
application] revolving fund to the legislature. The annual report shall
include but not be limited to a list of the grant applications to the federal
agencies and the grant awards received."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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