HI HR145

Request the Office of the Auditor to conduct a comprehensive study of Hawaii's special and revolving funds, which represent nearly half of the State's operating budget.

Study must identify inefficiencies in special and revolving funds and recommend an effective monitoring process with regular review dates.

Study must identify specific special and revolving funds that no longer meet their original legal criteria for continuation.

Study must create a checklist of inefficient funds that should be terminated, with moneys transferred to the general fund or applied toward the State's unfunded liabilities.

Auditor must submit findings, recommendations, and any proposed legislation to the Legislature no later than twenty days before the 2014 Regular Session.