HI SB1395

Directs interest earned on the emergency and budget reserve fund to be credited to the general fund when the fund's balance exceeds the fund balance objective set in administrative directive number 22-01

Requires the governor to include in the next fiscal year's budget or supplemental budget a request to expend general funds equal to the interest amount deposited for climate change mitigation, adaptation, or resilience projects

Establishes a new section in Chapter 37, Hawaii Revised Statutes requiring specific climate change-focused project requests following any fiscal year in which reserve fund interest is transferred to the general fund

Finds that Hawaii is experiencing a climate emergency and that comprehensive state investment in climate change mitigation and adaptation is necessary to protect the state's economy, environment, and way of life

Takes effect July 1, 3000