HB 62 Summary

• Reclassifies the community colleges special fund as a community colleges revolving fund to receive deposits from tuition, fees, and charges for instructional programs and student services.

• Repeals the University of Hawaii community services special fund and the professional student exchange program revolving fund, with unencumbered balances lapsing to the general fund.

• Transfers authority from the dean of the college of continuing education and community service to the chancellor of the University of Hawaii at Hilo to expend funds from the conference center revolving fund.

• Reclassifies the university system bond and interest sinking fund revolving fund (administratively established in 2002) as a trust account.

• Effective July 1, 2060.