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HI SB3067
Bill
Status
3/5/2024
Primary Sponsor
Ronald Kouchi
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AI Summary
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Amends Section 237-31, Hawaii Revised Statutes to remove provisions requiring deposits into the hurricane reserve trust fund from general excise tax revenues in fiscal years 2013-2014 and 2014-2015.
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Modifies Section 431P-16 to move the hurricane reserve trust fund into the state treasury rather than maintaining it outside the state treasury.
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Removes language allowing the hurricane reserve trust fund to be invested and reinvested in accordance with the plan of operation.
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Clarifies that disbursements from the trust funds remain subject to board-adopted procedures and not subject to Chapter 103D (public procurement law).
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Effective July 1, 3000.
Legislative Description
Relating To The Hurricane Reserve Trust Fund.
State Treasury
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Alcos, Martinez, Quinlan excused (3).
3/14/2024