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HI SB1092

Bill

Official Source

Status

Passed

7/9/2013

Primary Sponsor

Donna Kim

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Appropriates funds to accelerate recapitalization of the hurricane reserve trust fund
  • Fund balance has declined from approximately $220,000,000 to $20,000,000 over the past decade
  • Recapitalization aims to strengthen the State's credit rating, which was downgraded due to the fund's decline
  • Enhanced fund balance will improve the State's ability to purchase hurricane reinsurance when needed
  • Received support from the Department of Budget and Finance, Department of Commerce and Consumer Affairs, and the Hawaii Hurricane Relief Fund

Legislative Description

Hurricane Reserve Trust Fund; Recapitalization; Appropriation ($)

Last Action

Act 266, 7/3/2013 (Gov. Msg. No. 1369).

7/9/2013

Committee Referrals

Finance3/7/2013
Ways and Means2/12/2013
Commerce and Consumer Protection1/24/2013

Full Bill Text

No bill text available