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HI HB79

Bill

Status

Enrolled

4/9/2015

Primary Sponsor

Sylvia Luke

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Reclassifies the tourism emergency trust fund as a special fund and renames it the "tourism emergency special fund" to better reflect its operational structure.

  • 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.

  • Reclassifies the rental housing trust fund as a revolving fund, finding it does not meet the criteria for a trust fund classification.

  • 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.

  • Effective July 1, 2050; unencumbered balances in repealed funds lapse to the general fund on July 1, 2015.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

Committee Referrals

Ways and Means3/12/2015
Finance1/26/2015

Full Bill Text

No bill text available
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