HI SB2758

Redirects interest and other moneys earned on the principal of the hurricane reserve trust fund to be deposited back into the trust fund instead of being transferred to the general fund.

Removes the requirement that all interest earned from the principal in the hurricane reserve trust fund be transferred to the general fund each year the fund remains in existence.

Allows the corpus of the hurricane reserve trust fund to grow without imposition of a fee or tax, as general revenues are increasing.

Effective date: December 21, 2112.