Bill Text: HI SB238 | 2011 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: University of Hawaii; Carryover of Funds

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Engrossed - Dead) 2011-03-23 - (H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting no (0) and Belatti, Chang, Tokioka excused (3). [SB238 Detail]

Download: Hawaii-2011-SB238-Amended.html

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THE SENATE	S.B. NO.	238
TWENTY-SIXTH LEGISLATURE, 2011		S.D. 1
STATE OF HAWAII

A BILL FOR AN ACT

 

 

RELATING TO THE UNIVERSITY OF HAWAII.

 

 

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 be appropriately designated and to read as follows:

     "§37‑    University of Hawaii; carryover of funds.  (a)  The University of Hawaii may retain up to five per cent of general funds appropriated, except for appropriations to fund financing agreements entered into in accordance with chapter 37D, at the close of a fiscal year.  The funds retained shall be carried over to the subsequent fiscal year and be available in addition to that fiscal year's appropriation; provided that the retention of appropriated funds shall not be used as the sole basis for reducing the university's future budget requirements.

(b)  The University of Hawaii shall prepare and submit an annual report to the legislature on the status and amount of funds carried over pursuant to this section."

     SECTION 2.  New statutory material is underscored.

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

 

 

 

Report Title:

University of Hawaii; Carryover of Funds

 

Description:

Allows the University of Hawaii to retain up to five per cent of its appropriated general funds and carry it over to the subsequent fiscal year.  Requires an annual report to the legislature on funds carried over to the subsequent fiscal year.  (SD1)

 

 

 

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