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HI HB795

Bill

Official Source

Status

Passed

7/2/2025

Primary Sponsor

Kyle Yamashita

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Appropriates $1,000,000 in general revenues for deposit into the emergency and budget reserve fund established under Hawaii Revised Statutes section 328L-3
  • Implements Article VII, Section 6 of the Hawaii State Constitution, which requires the legislature to dispose of excess general fund revenues when specific conditions are met for two successive fiscal years
  • The excess revenues may be used for tax refunds/credits, emergency budget reserves, or pre-payment of debt service or pension liabilities
  • Appropriation is for fiscal year 2025-2026 and takes effect on July 1, 2025
  • Legislature finds that constitutional requirements for disposing of excess tax revenues have been met and must be implemented

Legislative Description

Relating To The General Fund.

Appropriation ($)

Last Action

Act 267, on 07/02/2025 (Gov. Msg. No. 1370).

7/2/2025

Committee Referrals

Ways and Means3/6/2025
Finance1/27/2025
Economic Development1/21/2025

Full Bill Text

No bill text available