HI HB1819

Transfers 30 percent of the general fund balance into the Emergency and Budget Reserve Fund when general fund revenues for two consecutive fiscal years each exceed the prior year's revenues by at least 5 percent.

Requires that 30 percent of funds deposited into the Emergency and Budget Reserve Fund be used to address the unfunded liability of the Hawaii Employer-Union Health Benefits Trust Fund.

Addresses the depletion of the Emergency and Budget Reserve Fund during recent economic downturns and the growing unfunded liability of the Hawaii Employer-Union Health Benefits Trust Fund.

Department of Budget and Finance supported the measure's intent; Tax Foundation of Hawaii provided comments.