THE SENATE	S.B. NO.	2832
TWENTY-NINTH LEGISLATURE, 2018		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO ENERGY AT THE UNIVERSITY OF HAWAII.

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

SECTION 1. Section 304A-2181, Hawaii Revised Statutes, is amended to read as follows:

"[[]§304A-2181[]] University of Hawaii green special fund. (a) There is established the University of Hawaii green special fund, into which may be deposited:

(1) Savings realized by the university from energy conservation measures;

(2) Appropriations made by the legislature;

[(2)] (3) Investment earnings, gifts, donations, or other income received by the University of Hawaii;

[(3)] (4) Any rebates, grants, or incentives associated with energy conservation measures;

[(4)] (5) Capital appropriations for energy conservation measures;

[(5)] (6) Until June 30, 2020, funds from any special or revolving fund established to fund energy conservation measures projects at the University of Hawaii; and

[(6)] (7) Proceeds from University of Hawaii revenue bonds.

(b) Moneys in the University of Hawaii green special fund shall be used to support energy efficiency, renewable energy, and sustainability projects and services including personnel, equipment costs, project costs, and other expenses, as well as planning, design, and implementation of energy efficiency, energy conservation, renewable energy, and sustainability projects for the benefit of the university[; provided that any expenditure equal to or greater than $167,000 shall require the approval of the legislature].

(c) The chief financial officer of the University of Hawaii shall manage the University of Hawaii green special fund and shall have the authority to garner, collect, expend, and transfer monetary savings realized from [campus] university energy efficiency, renewable energy, sustainability, and energy conservation [measures] projects. All expenditures from this fund shall be subject to legislative appropriation.

(d) The [University of Hawaii] university may also transfer other funds into the University of Hawaii green special fund to offset the costs and expenses associated with university energy efficiency, renewable energy, sustainability, and energy conservation initiatives [at the University of Hawaii].

(e) The [University of Hawaii] university shall submit a report to the legislature on the moneys deposited into the University of Hawaii green special fund, including:

(1) An explanation of how savings were calculated;

(2) A review of all the revenues deposited;

(3) A review of the rebates, grants, or incentives received; and

(4) A review of any other funds that may have been transferred,

no later than twenty days prior to the convening of each regular session."

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.

Report Title:

University of Hawaii; Green Special Fund

Description:

Allow funds appropriated by the Legislature to be deposited into the University of Hawaii Green Special Fund and clarify the authority to expend funds and the scope of projects that can be funded. (SD1)

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.