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HI HB2410
Bill
Status
1/27/2016
Primary Sponsor
Joseph Souki
Click for details
AI Summary
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Extends the University of Hawaii's exemption from state accounting and financial management system requirements until June 30, 2017 (previously set to expire June 30, 2016).
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Allows University of Hawaii to maintain a separate accounting system compatible with generally accepted accounting principles for colleges and universities, rather than using the state's standard accounting system.
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Updates sections 40-1, 40-2, 40-4, 40-6, 40-58, and 40-81 of Hawaii Revised Statutes to change the expiration date from June 30, 2016 to June 30, 2017.
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University of Hawaii continues to provide bi-monthly payroll feeds to the state and submits routine and annual financial reports included in the State of Hawaii's Annual Consolidated Financial Statements.
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Takes effect upon approval with an effective date of July 1, 2525 (note: appears to be a clerical error in original bill text).
Legislative Description
University of Hawaii; Accounting and Financial Management System
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Luke, Nakashima, Souki excused (3).
2/18/2016