HI SB199

Requires the director of finance to transfer cash from non-general funds to the general fund equivalent to renewable energy tax credits claimed by taxpayers when state agencies receive revenues from leased property, energy generation, or other arrangements related to the renewable energy system.

Applies to tax credits claimed after June 30, 2009, based on renewable energy systems installed on real property leased from, owned by, or controlled by a state agency, with revenues deposited into a non-general fund.

Sets transfer deadlines: June 30, 2011, for credits claimed between July 1, 2009, and June 30, 2011; within ten days of calendar year-end for nonrefundable credits claimed after June 30, 2011; and within five days of refund transmission for refundable credits claimed after June 30, 2011.

Exempts individual occupants of state-leased dwelling units whose renewable energy systems serve only that dwelling unit, and exempts transfers prohibited by federal or state law.

Authorizes the attorney general to prohibit future state agency agreements allowing renewable energy tax credits on state-owned or controlled property if law prohibits transferring non-general funds to the general fund.