STAND. COM. REP. NO. 745-24

Honolulu, Hawaii

, 2024

RE: H.B. No. 2377

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2377 entitled:

"A BILL FOR AN ACT RELATING TO FUNDING ADJUSTMENTS FOR STATE PROGRAMS,"

begs leave to report as follows:

The purpose of this measure is to provide flexibility to the Executive Branch departments to transfer general fund monies previously appropriated to cover anticipated operating shortfalls in certain department programs.

Your Committee received testimony in support of this measure from the Department of Budget and Finance and Department of Corrections and Rehabilitation. Your Committee received testimony in opposition to this measure from one individual. Your Committee received comments on this measure from the Department of Transportation.

Your Committee finds that this measure addresses budget shortfalls and other program requirements. Your Committee further finds that this measure is budget neutral and will not impact the fiscal year 2023-2024 general fund expenditure ceiling.

Your Committee has amended this measure by:

(1) Changing its effective date to July 1, 3000, to encourage further discussion; and

(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2377, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2377, H.D. 1, and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

KYLE T. YAMASHITA, Chair