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HOUSE OF REPRESENTATIVES |
H.B. NO. |
2223 |
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TWENTY-SIXTH LEGISLATURE, 2012 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO STATE FINANCES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The legislature finds that current technologies can facilitate increased transparency in the budgeting process by allowing the general public to access state financial records online. The purpose of this Act is to require that the director of finance develop and post a monthly report on the World Wide Web that shows revenues, expenditures, and cash on hand in sufficient detail to allow an accurate assessment of the fiscal condition and the performance of the state.
SECTION 2. Chapter 36, Hawaii Revised Statutes, is amended by adding a new section to part I to be appropriately designated and to read as follows:
"§36- Online reporting; monthly updates. (a) Not later than January 1, 2013, the director of finance, in accordance with this section, shall establish, implement, and maintain a single searchable website, updated on a monthly basis, accessible by the public at no cost to users, that includes but is not limited to:
(1) A chart of accounts for all general funds, special funds, federal funds, interdepartmental transfers, revolving funds, and other funds into which monies are deposited for the operations of the State;
(2) The appropriated and allocated amounts for each account, and expenditures to date; and
(3) A monthly summary of income received, expenditures made, balances remaining, costs incurred but not yet expended, cash on hand, and any related information that may assist the legislature and members of the public in understanding the fiscal condition of the State.
(b) The director of finance is authorized to designate one or more state agencies to participate in the development, establishment, maintenance, and support of the website.
SECTION 3. This Act shall take effect on July 1, 2013.
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INTRODUCED BY: |
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Report Title:
Online financial reporting
Description:
Mandates the creation and maintenance of monthly online financial information.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.