THE SENATE	S.B. NO.	1021
THIRTY-SECOND LEGISLATURE, 2023
STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO SPECIAL FUNDS.

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

SECTION 1. Chapter 37, Hawaii Revised Statutes, is amended by adding a new section to part III to be appropriately designated and to read as follows:

"§37- Special funds; use for capital improvement projects authorized. (a) Notwithstanding any law to the contrary, an agency may expend moneys from special funds under the agency's control for capital improvement projects, even if the expenditure of moneys for capital improvement projects is not expressly authorized by the special fund's enabling statute; provided that:

(1) Any expenditure on a capital improvement project shall be subject to legislative appropriation or authorization; and

(2) Unless otherwise authorized by law, the agency shall not expend moneys for capital improvement projects in a fiscal year that exceeds twenty per cent of the special fund's ceiling, if applicable.

(b) As used in this section, "agency" has the same meaning as in section 37-62."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

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Report Title:

Budget; Special Funds; Authorized Uses; Capital Improvement Projects

Description:

Authorizes agencies to expend moneys from special funds under the agency's control for capital improvement projects, subject to legislative appropriation or authorization. Prohibits the expenditure of amounts that exceed 20% of the special fund's ceiling.

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