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HI SB2859
Bill
Status
3/8/2016
Primary Sponsor
Ronald Kouchi
Click for details
AI Summary
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Amends Section 269-33 of Hawaii Revised Statutes to modify the Public Utilities Commission Special Fund balance provisions.
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Removes the $1,000,000 cap on excess moneys that may be retained in the special fund at the end of each fiscal year on June 30, replacing it with an unspecified amount (blank underscored line).
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Moneys exceeding the new retention threshold will continue to lapse to the state general fund as under current law.
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Effective date of July 1, 2050.
Legislative Description
Public Utilities Commission; Special Fund; General Fund
Last Action
Passed Second Reading and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Kawakami, Kong, Oshiro, Tokioka, Tupola, Woodson excused (6).
3/24/2016