SB2832 Summary

• Adds legislative appropriations as a funding source for the University of Hawaii Green Special Fund, allowing the fund to receive deposits from the legislature in addition to existing sources.

• Expands the scope of projects eligible for funding to explicitly include energy efficiency, renewable energy, sustainability, and energy conservation initiatives.

• Removes the $167,000 expenditure approval requirement from the legislature, instead making all expenditures from the fund subject to legislative appropriation.

• Clarifies the Chief Financial Officer's authority to collect, expend, and transfer monetary savings from university energy conservation and sustainability projects.

• Requires the University of Hawaii to submit annual reports to the legislature detailing fund deposits, savings calculations, revenues, rebates/grants received, and any transferred funds, due 20 days before each regular session.