HOUSE OF REPRESENTATIVES	H.B. NO.	2106
TWENTY-SIXTH LEGISLATURE, 2012
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO STUDENT ACTIVITY FUNDS.

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

     SECTION 1.  Section 302a-1305, Hawaii Revised Statutes, is amended to read as follows:

     "[[]§302A-1305[]]  Inactive student activity accounts.  Student activity funds that are left in the school [for a period of five years] after the graduation of the class to which the funds belong shall be deposited into the school's nonappropriated local school fund account [unless the graduating class donates, in writing, the funds to the school within the five-year period]."

     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  Statutory material to be repealed is bracketed and stricken.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.

INTRODUCED BY:

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Report Title:

Inactive Student Activity Accounts

Description:

Allows public schools to claim student activity funds left in the school by a graduating class immediately after the graduation of the class, rather than five years after the class graduates or upon donation by the graduating class as provided under current law.

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