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HI HB2378
Bill
Status
1/24/2024
Primary Sponsor
Scott Saiki
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AI Summary
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Moves the Hurricane Reserve Trust Fund from outside the state treasury into the state treasury.
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Removes language granting the Hawaii Hurricane Relief Fund board discretion to invest and reinvest trust fund moneys.
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Removes language allowing the board to determine the depository arrangement "at the discretion of the board," establishing instead that deposits must be held according to section 38-1 or similar arrangement.
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Repeals provisions requiring deposits equal to one-half of appropriations or transfers from the hurricane reserve trust fund in fiscal years 2013-2014 and 2014-2015.
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Effective date: July 1, 3000.
Legislative Description
Relating To The Hurricane Reserve Trust Fund.
State Treasury
Last Action
Report adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
2/16/2024