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HI SB494

Bill

Official Source

Status

Passed

6/12/2019

Primary Sponsor

Donovan Cruz

Click for details

Origin

Senate

2019 Regular Session

AI Summary

  • Appropriates $5,000,000 from general revenues to the emergency and budget reserve fund established under Hawaii Revised Statutes section 328L-3
  • Implements Article VII, Section 6 of the Hawaii Constitution, which requires the legislature to dispose of excess general fund revenues when constitutional factors are met
  • Authorizes the deposit as a temporary supplemental funding source for the State during emergencies, economic downturns, or unforeseen revenue reductions
  • Takes effect July 1, 2019 for fiscal year 2019-2020
  • Reflects the legislature's finding that necessary constitutional factors for disposing excess revenues have been met for the second consecutive year

Legislative Description

Relating To The General Fund Balance.

Appropriation ($)

Last Action

Act 044, 06/07/2019 (Gov. Msg. No. 1145).

6/12/2019

Committee Referrals

Finance2/28/2019
Ways and Means1/24/2019

Full Bill Text

No bill text available