HI HB2211

Requires the State auditor to report to the legislature not later than 20 days before each regular session reviewing special, revolving, and trust funds established by state departments and political subdivisions.

Auditor review must evaluate the original intent and purpose of each fund, degree to which funds achieve stated purposes, performance standards, and a 5-year financial summary including fund balances, deposits, withdrawals, interest earned, and expenditures.

Establishes a 5-year rotating review schedule for different state departments beginning in 1994, with all special, revolving, and trust funds reviewed every 5 years thereafter.

Provides for automatic termination of any special, revolving, or trust fund within 180 days if the auditor recommends its repeal or closure.

Directs the director of finance to transfer any unencumbered balance from terminated funds to the general fund.