Bill Text: HI SB2882 | 2012 | Regular Session | Introduced
Bill Title: University of Hawaii; Carryover Funds
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-01-25 - (S) Referred to EDU, WAM. [SB2882 Detail]
Download: Hawaii-2012-SB2882-Introduced.html
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THE SENATE |
S.B. NO. |
2882 |
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TWENTY-SIXTH LEGISLATURE, 2012 |
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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 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) By December 1 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. Section 37-41, Hawaii Revised Statutes, is amended to read as follows:
"§37-41 Appropriations to revert to
state treasury; exceptions. Unless otherwise provided by [section] sections
37-41.5, 37- , or any other law, every appropriation or
part thereof of any kind made subject to sections 37-31 to 37-40, remaining
unexpended and unencumbered at the close of any fiscal year shall lapse and be
returned to the general fund in the manner prescribed in section 40-66."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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BY REQUEST |
Report Title:
University of Hawaii; Carryover Funds
Description:
Amends chapter 37, Hawaii Revised Statutes, to allow for the carryover of up to five percent of general funds appropriated into the next fiscal year.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
