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HI HB1154
Bill
Status
1/23/2025
Primary Sponsor
Nadine Nakamura
Click for details
AI Summary
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Amends Hawaii Revised Statutes sections 36-28, 36-28.5, and 36-29 to cap central services assessment transfers at $5,000,000 or 5% of receipts, whichever is less, for the State Highway Fund, Airport Revenue Fund, and Harbor Special Fund.
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Establishes an annual adjustment mechanism beginning September 30, 2025, where the Director of Transportation proposes percentage adjustments based on the Consumer Price Index for All Urban Consumers in Honolulu (less food and energy) to the Governor for approval.
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Allows the Governor to approve zero percent adjustment or no adjustment in years when the Consumer Price Index calculation would result in a negative percentage.
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Upon Governor approval of any percentage adjustment, the Director of Finance applies the adjustment and deducts additional amounts from the respective funds.
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Effective date is July 1, 3000 (appears to be a clerical error in the legislation).
Legislative Description
Relating To Central Services Assessment.
State Highway Fund
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Kitagawa, Ward excused (3).
2/13/2025