HI SB254

Requires state agencies to provide the director of finance with estimates of operational costs for proposed capital improvement projects and supporting documentation.

Directs the director of finance to summarize operational cost information in the multi-year program and financial plan for odd-numbered years and supplemental budgets for even-numbered years.

Mandates agencies responsible for state-owned buildings, facilities, and improvements to furnish the department of budget and finance with estimates of deferred maintenance costs.

Defines "deferred maintenance costs" as expenses to catch up on delayed repair and maintenance beyond ordinary scheduled cycles, with the department of budget and finance authorized to further refine the definition in agency instructions.

Takes effect July 1, 2016.