CONFERENCE COMMITTEE REP. NO. 171

Honolulu, Hawaii

                 , 2009

RE:    S.B. No. 884

       S.D. 2

       H.D. 1

       C.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

Madam and Sir:

     Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 884, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO NON-GENERAL FUNDS,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

     The purpose of this bill as received is to:

     (1)  Specify the amounts of moneys determined to be in excess of the requirements of various non-general funds;

     (2)  Authorize the Director of Finance to transfer on either June 1, 2009, or June 20, 2009, the excess moneys from the various non-general funds to the general fund for fiscal year 2008-2009;

     (3)  Repeal the exemptions for various special funds from their pro rata shares of central service expenses and administrative overhead expenses;

     (4)  Require the Director of Finance, from July 1, 2009 to June 30, 2015, and the Chief Justice, from July 1, 2009 to June 30, 2011, to transfer to the general fund the interest earned on short-term investments of moneys in various non-general funds; and

     (5)  Redistribute temporarily the conveyance tax revenues.

     Upon further consideration, your Committee on Conference has amended this bill by:

     (1)  Clarifying and updating facts in the purpose section of the bill;

     (2)  Revising the amounts of moneys determined to be in excess of the requirements of several non-general funds;

     (3)  Deleting several non-general funds from having excess moneys transferred to the general fund;

     (4)  Adding other non-general funds and specifying the amounts of their excess moneys subject to transfer to the general fund;

     (5)  Setting June 1, 2009, as the uniform date for the transfer to the general fund of excess moneys from the non-general funds;

     (6)  Restoring the exemptions for several special funds from their pro rata shares of central service expenses and administrative overhead expenses;

     (7)  Deleting extraneous sections from part II of the bill that do not directly relate to the exemption of certain special funds from assessments for central service and administrative overhead expenses;

     (8)  Authorizing rather than requiring the Director of Finance and the Chief Justice to make the transfers to the general fund of interest earned on short-term investments of moneys in various non-general funds;

     (9)  Extending the termination date of the period during which the Chief Justice is authorized to make transfers to the general fund of interest earned on short-term investments of moneys in non-general funds from June 30, 2011 to June 30, 2015;

    (10)  Modifying the list of non-general funds, under the jurisdiction of Director of Finance, for which interest earned on short-term investments of moneys is subject to transfer to the general fund, through the deletion of several funds and the addition of others;

    (11)  Deleting the sections of the bill that deal with the temporary redistribution of the conveyance tax revenues; and

    (12)  Changing the effective date of part I of the bill from June 29, 2009 to June 1, 2009.

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 884, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 884, S.D. 2, H.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE HOUSE

ON THE PART OF THE SENATE

____________________________ MARCUS R. OSHIRO, Chair	____________________________ DAVID Y. IGE, Chair
	____________________________ ROSALYN H. BAKER, Co-Chair
	____________________________ DONNA MERCADO KIM, Co-Chair