THE SENATE	S.B. NO.	2349
TWENTY-SIXTH LEGISLATURE, 2012		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

PROPOSING AN AMENDMENT TO THE CONSTITUTION OF THE STATE OF HAWAII RELATING TO THE STATE EDUCATIONAL FACILITIES IMPROVEMENT SPECIAL FUND.

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

     SECTION 1.  Article VII, section 11 of the Constitution of the State of Hawaii is amended to read as follows:

"LAPSING OF APPROPRIATIONS

Section 11.  All appropriations for which the source is general obligation bond funds or general funds shall be for specified periods.  No such appropriation shall be made for a period exceeding three years[; provided that appropriations from the state educational facilities improvement special fund may be made for periods exceeding three years to allow for construction or acquisition of public school facilities].  Any such appropriation or any portion of any such appropriation that is unencumbered at the close of the fiscal period for which the appropriation is made shall lapse; provided that no appropriation for which the source is general obligation bond funds nor any portion of any such appropriation shall lapse if the legislature determines that the appropriation or any portion of the appropriation is necessary to qualify for federal aid financing and reimbursement.  Where general obligation bonds have been authorized for an appropriation, the amount of the bond authorization shall be reduced in an amount equal to the amount lapsed."

     SECTION 2.  The question to be printed on the ballot shall be as follows:

"Shall the existing exemption for appropriations from the state educational facilities improvement special fund from the requirement that no appropriation be made for a period exceeding three years be repealed?"

     SECTION 3.  Constitutional material to be repealed is bracketed and stricken.

     SECTION 4.  This amendment shall take effect upon compliance with article XVII, section 3, of the Constitution of the State of Hawaii.

Report Title:

State Educational Facilities Improvement Special Fund; Repeal; Constitutional Amendment

Description:

Proposes an amendment to the Hawaii state constitution that would repeal the state educational facilities improvement special fund's exemption from the requirement that moneys appropriated from the fund be lapsed after 3 years.  (SD1)

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