Bill Text: HI SB741 | 2025 | Regular Session | Introduced
Bill Title: Relating To The University Of Hawaii.
Spectrum: Partisan Bill (Democrat 6-0)
Status: (Introduced) 2025-01-31 - The committee(s) on HRE has scheduled a public hearing on 02-04-25 3:15PM; Conference Room 229 & Videoconference. [SB741 Detail]
Download: Hawaii-2025-SB741-Introduced.html
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THE SENATE |
S.B. NO. |
741 |
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THIRTY-THIRD LEGISLATURE, 2025 |
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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 2. Chapter 304A, Hawaii Revised Statutes, is amended by adding a new section to part I, subpart A, to be appropriately designated and to read as follows:
"§304A- External audit committee. (a) There is established within
the university of Hawaii an external audit committee to audit the board of
regents and the university of Hawaii system.
(b) The committee shall include
the following members:
(1) The auditor;
(2) One member appointed by the governor;
(3) One member appointed by the chief
justice; and
(4) Other members invited by the external
audit committee, as appropriate.
(c) The external audit committee
shall be subject to chapter 84. The external
audit committee shall be exempt from chapter 91 and chapter 92 to the extent
that the audit committee is engaging in discussions that should remain
confidential in accordance with nationally recognized best practices for external
and independent audit committees, or in proceedings arising from an
investigation by the external audit committee relating to potentially
actionable civil or criminal conduct, regardless of whether the investigation
is pending or outstanding.
(d) The external audit committee
shall engage in oversight relating to enterprise risk management.
(e) The external audit committee
shall hold meetings as needed to address matters on its agenda, not less
frequently than twice per year.
(f) The external audit committee
shall review its effectiveness annually.
(g) The committee shall
submit a report of its findings and recommendations, including any proposed
legislation, to the governor, chief justice, and legislature no later than
twenty days prior to the convening of each regular session."
SECTION 3. 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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Report Title:
UH; BOR; Auditor; Governor; Chief Justice; External Audit Committee; Established; Reports
Description:
Establishes an External Audit Committee within the University of Hawaii to audit the University of Hawaii System and the Board of Regents. Requires annual reports to the Legislature.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
