THE SENATE

S.B. NO.

934

THIRTY-THIRD LEGISLATURE, 2025

S.D. 1

STATE OF HAWAII

Proposed

 

 

 

 

 

A BILL FOR AN ACT

 

 

RELATING TO THE STATE BUDGET.

 

 

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

 

     Section 1.  The legislature finds that the current special fund ceiling for the mass transit special fund has produced carry-over balances, impacting the use of funds by the department of budget and finance in the subsequent fiscal year.  The legislature further finds that in fiscal year 2022‑2023, there was a carry-over balance of $95,877,228 from fiscal year 2021-2022.  The department of budget and finance was unable to disburse the available moneys in fiscal year 2022‑2023, leading to a carry-over balance in fiscal year 2023‑2024.  Based on the special fund carry-over balance of $123,756,991 from fiscal year 2022-2023, and estimated revenue of $410,240,000 for fiscal year 2023-2024, the department of budget and finance anticipates another shortfall in the special fund ceiling authorized by Act 88, Session Laws of Hawaii 2021, as amended by Act 248, Session Laws of Hawaii 2022.  In anticipation of this shortfall, the department of budget and finance received an emergency appropriation of $179,000,000 for the disbursement of funds by Act 23, Session Laws of Hawaii 2024.

     Accordingly, the purpose of this Act is to increase the special fund expenditure ceiling for the mass transit special fund for the fiscal year beginning July 1, 2025, and ending June 30, 2026.

     SECTION 2.  There is appropriated out of the mass transit special fund the sum of $572,695,000 or so much thereof as may be necessary for fiscal year 2025-2026 for making disbursements pursuant to section 248-2.7, Hawaii Revised Statutes.

     The sum appropriated shall be expended by the department of budget and finance for the purposes of this Act.

     SECTION 3.  This Act shall take effect on July 1, 2025.

 

 

Report Title:

BUF; Mass Transit Special Fund; State Projects; Expenditure Ceiling; Appropriation

 

Description:

Appropriates moneys to the Department of Budget and Finance for fiscal year 2026 to increase the mass transit special fund expenditure ceiling.  (SD1 Proposed)

 

 

 

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