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HI HB79
Bill
Status
4/9/2015
Primary Sponsor
Sylvia Luke
Click for details
AI Summary
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Reclassifies the tourism emergency trust fund as a special fund and renames it the "tourism emergency special fund" to better reflect its operational structure.
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Reclassifies multiple housing loan special funds as revolving funds, including the housing project bond special fund - multi family and housing loan program revenue bond special funds, based on their functional characteristics.
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Reclassifies the rental housing trust fund as a revolving fund, finding it does not meet the criteria for a trust fund classification.
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Repeals five non-general funds that no longer serve their intended purposes: the pineapple workers and retirees housing assistance fund, public facility revenue bond special fund, capital formation revolving fund, statewide geospatial information and data integration special fund, and fee simple residential revolving fund.
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Effective July 1, 2050; unencumbered balances in repealed funds lapse to the general fund on July 1, 2015.
Legislative Description
Non-General Funds; Reclassification; Repeal
Last Action
Received notice of Senate conferees (Sen. Com. No. 641).
4/20/2015