THE SENATE	S.B. NO.	1091
THIRTY-FIRST LEGISLATURE, 2021
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO STATE FUNDS.

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

SECTION 1. The economic impact of the coronavirus disease 2019 (COVID-19) as a result of the global COVID-19 pandemic has created a severe budget shortfall for the State.

Accordingly, the purposes of this Act are to:

(1) Replace, where eligible, special fund appropriations with general obligation bond funds;

(2) Deposit, or authorize the transfer of, special funds into the general fund; and

(3) Authorize the transfer of excess moneys from other sources into the dwelling unit revolving fund.

SECTION 2. There is appropriated out of the land conservation fund the sum of $26,300,000 or so much thereof as may be necessary for fiscal year 2021-2022 to be deposited into the general fund. The sum appropriated shall be expended by the department of land and natural resources.

SECTION 3. The director of finance is authorized to issue taxable general obligation bonds in the sum of $26,300,000 or so much thereof as may be necessary and the same sum or so much thereof as may be necessary is appropriated for fiscal year 2021-2022 for deposit into the land conservation fund.

SECTION 4. There is appropriated out of the emergency medical services special fund the sum of $15,000,000 or so much thereof as may be necessary for fiscal year 2021-2022 to be deposited into the general fund. The sum appropriated shall be expended by the department of health.

SECTION 5. There is appropriated out of the cigarette tax stamp administrative special fund to the sum of $1,000,000 or so much thereof as may be necessary for fiscal year 2021-2022 to be deposited into the general fund. The sum appropriated shall be expended by the department of taxation.

SECTION 6. The director of finance is authorized to transfer tax-exempt general obligation bond proceeds and accrued interest from the rental housing revolving fund to the dwelling unit revolving fund up to the sum of $45,000,000 for fiscal year 2021-2022.

SECTION 7. This Act, upon its approval, shall take effect on July 1, 2021.

INTRODUCED BY:	_____________________________
	BY REQUEST

Report Title:

State Funds

Description:

Authorizes transfer of special funds to general fund, replaces special fund appropriations with general obligation bond funds, authorizes transfer of excess moneys from other sources into the dwelling unit revolving fund.

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