HB1632 Summary

• Reclassifies the notaries public revolving fund and criminal forfeiture revolving fund as special funds rather than revolving funds.

• Reclassifies the litigation deposits trust fund as a trust account and the national mortgage settlement trust account as a trust fund.

• Abolishes the Hawaii criminal justice commission trust account established in 1985 and the national mortgage settlement trust account established in 2012, with remaining balances transferred to the general fund.

• Repeals section 304A-2176 to abolish the University of Hawaii at Manoa intercollegiate athletics special fund and University of Hawaii at Hilo intercollegiate athletics special fund, transferring remaining balances to the general fund.

• Effective date is July 1, 2020, with a special provision preserving amendments to section 712A-16 when that section is repealed and reenacted on June 30, 2022.