HI HB1325

Allows the University of Hawaii to retain up to five percent of its appropriated general funds at the close of each fiscal year.

Retained funds carry over to the subsequent fiscal year and become part of that fiscal year's appropriation.

Retained funds cannot be used as justification for reducing the University's future budget requirements.

Requires the University to submit a report to the director of finance within ninety days after each fiscal year closes, identifying the total carryover amount.

Requires the University to provide a copy of the carryover report to the legislature at least twenty days prior to the convening of the next regular legislative session.