Bill Text: HI SB238 | 2012 | Regular Session | Amended
Bill Title: University of Hawaii; Carryover of Funds
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Engrossed - Dead) 2011-12-01 - Carried over to 2012 Regular Session. [SB238 Detail]
Download: Hawaii-2012-SB238-Amended.html
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THE SENATE |
S.B. NO. |
238 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
S.D. 2 |
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STATE OF HAWAII |
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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 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) By of each year, the University of Hawaii shall prepare and submit an annual report to the legislature on the status and amount of funds carried over during the year pursuant to this section."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect on July 1, 2050.
Report Title:
University of Hawaii; Carryover of Funds
Description:
Allows the University of Hawaii to retain up to 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. Effective 7/1/2050. (SD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
