HI SB1146

Requires the University of Hawaii Board of Regents to submit quarterly program performance reports to the Legislature comparing actual revenues and expenditures against budgeted amounts within 60 days after each fiscal quarter ends.

Extends the University of Hawaii's authority to maintain a separate accounting and financial management system (compatible with state and generally accepted accounting principles) by one year, from June 30, 2016 to June 30, 2017.

Updates multiple statutes (sections 40-1, 40-2, 40-4, 40-6, 40-58, and 40-81 of Hawaii Revised Statutes) to reflect the extended June 30, 2017 date for University of Hawaii's independent fiscal management authority.

Authorizes the University of Hawaii to preaudit payments of $10,000 or more and sample-based audits of smaller payments (at least 5% of population) rather than submitting to centralized comptroller preaudit requirements.

Takes effect June 29, 2025, with provisions ensuring the University of Hawaii's independent accounting system amendments are not repealed during future statutory reenactments.