THE SENATE

S.B. NO.

2081

THIRTY-FIRST LEGISLATURE, 2022

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to THE DEPARTMENT OF EDUCATION commercial enterprises revolving fund.

 

 

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

 

     SECTION 1.  Chapter 302A, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

     "§302A-    Department of education commercial enterprises revolving fund.  There is established the department of education commercial enterprises revolving fund into which shall be deposited all revenues derived from commercial enterprise operation programs undertaken by the department.  Revenues deposited into this fund may be expended by the department for all costs and expenses associated with the operation of the commercial enterprises; including hiring personnel; renovating commercial space; and purchasing merchandise, supplies, and equipment, without regard to chapters 76, 78, 89, 103, and 103D.  Any law to the contrary notwithstanding, the department may transfer all funds at its disposal, with the exception of general funds, into the revolving fund to finance the establishment of new commercial enterprises.  Revenues not expended as provided in this section may be transferred to other department funds to be expended for the general benefit of the department."

     SECTION 2.  There is appropriated out of the general revenues of the State of Hawaii the sum of $           or so much thereof as may be necessary for fiscal year 2022-2023 for deposit into the department of education commercial enterprises revolving fund.

     The sum appropriated shall be expended by the department of education for the purposes of this Act.

     SECTION 3.  New statutory material is underscored.

     SECTION 4.  This Act shall take effect on July 1, 2022.

 

INTRODUCED BY:

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Report Title:

Department of Education; Commercial Enterprises; Revolving Fund; Appropriation

 

Description:

Establishes the Department of Education Commercial Enterprises Revolving Fund for funds to be expended in the operation of commercial enterprises by the Department of Education.  Makes an appropriation into the revolving fund.

 

 

 

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