HI SB1146

Requires the University of Hawaii Board of Regents to submit quarterly program performance reports to the Legislature comparing actual versus budgeted revenues and expenditures, using the same accounting basis as the university's budget.

Extends the University of Hawaii's authority to maintain a separate accounting and financial management system through June 30, 2017 (previously set to expire June 30, 2016).

The separate accounting system must remain compatible with generally accepted accounting principles for colleges and universities and with State of Hawaii accounting and financial systems.

University of Hawaii continues to provide bi-monthly payroll feeds to the Department of Accounting and General Services and routine annual financial reports included in the State's Consolidated Financial Statements.

Updates multiple Hawaii Revised Statutes sections (40-1, 40-2, 40-4, 40-6, 40-58, and 40-81) to reflect the extended authorization period for the University's independent fiscal management authority.