Bill Text: HI SB2884 | 2020 | Regular Session | Amended
Bill Title: Relating To The Public Utilities Commission Special Fund Carryover Balance.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2020-05-11 - Passed Second Reading and referred to the committee(s) on FIN with Representative(s) San Buenaventura voting aye with reservations; none voting no (0) and Representative(s) Thielen excused (1). [SB2884 Detail]
Download: Hawaii-2020-SB2884-Amended.html
THE SENATE |
S.B. NO. |
2884 |
THIRTIETH LEGISLATURE, 2020 |
S.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE PUBLIC UTILITIES COMMISSION SPECIAL FUND CARRYOVER BALANCE.
BE IT
ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION
1. Section 269-33, Hawaii Revised
Statutes, is amended by amending subsection (d) to read as follows:
"(d) All moneys in excess of [$1,000,000] $3,000,000
remaining on balance in the public utilities commission special fund on June 30
of each year shall lapse to the credit of the state general fund."
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 Statutory material to be repealed is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,
2050.
Report Title:
Public Utilities Commission; Special Fund; General Fund; Chapter 269
Description:
Increases the balance that may be retained in the public utilities commission special fund at the end of each fiscal year from $1,000,000 to $3,000,000. Effective 7/1/2050. (SD1)
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.