Bill Text: HI SB2060 | 2016 | Regular Session | Introduced
Bill Title: Department of Education; Carryover of Funds
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2016-01-20 - Referred to EDU, WAM. [SB2060 Detail]
Download: Hawaii-2016-SB2060-Introduced.html
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THE SENATE |
S.B. NO. |
2060 |
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TWENTY-EIGHTH LEGISLATURE, 2016 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to education.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 37-41.5, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) The department of education may
retain up to five per cent of any appropriation, except for appropriations to
fund financing agreements entered into in accordance with chapter 37D, at the
close of a fiscal year and the funds retained shall not lapse [until June 30
of the first fiscal year of the next fiscal biennium.] for five
additional fiscal years. The department of education shall submit:
(1) A report to the director of finance ninety days after the close of each fiscal year, which shall be prepared in the form prescribed by the director of finance and shall identify the total amount of funds that will carry over to the next fiscal year; and
(2) A copy of this report to the legislature, as well as a report identifying the carryover of funds on a school-by-school basis, at least twenty days prior to the convening of the next regular session of the legislature."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2016.
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INTRODUCED BY: |
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Report Title:
Department of Education; Carryover of Funds
Description:
Establishes that certain funds appropriated to the department of education shall not lapse until five years after the close of the fiscal year in which the funds were appropriated.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
