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HI SB215
Bill
AI Summary
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Repeals section 302A-305 of Hawaii Revised Statutes, which established the Education Research and Development Revolving Fund within the Department of Education.
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The fund was created to support research and development of innovative curriculum, instructional aids, and related technologies using revenues from commercial exploitation of department-developed products and services.
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All unencumbered balances remaining in the fund shall lapse to the state general fund on July 1, 2017.
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Repeal is based on the recommendation in Auditor's Report No. 16-11, which found the fund does not meet self-sustaining criteria required for a revolving fund.
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Takes effect on July 1, 2017.
Legislative Description
Relating To Education.
Education
Last Action
The committee(s) on FIN recommend(s) that the measure be deferred.
3/31/2017