HI SB326

Amends Hawaii Revised Statutes Section 37-52.4 to modify criteria for establishing and reviewing revolving funds.

Requires revolving funds to demonstrate financial self-sustainability through either annual projections showing sustainability without general fund appropriations or a schedule of projected collections of outstanding payments to capitalize the fund.

Maintains existing requirements that revolving funds serve a demonstrated need, reflect a clear nexus between benefits and charges, and provide appropriate financing only when essential to program operation.

Changes the final criterion from a simple period to a detailed two-part requirement (subparagraphs A and B) specifying how self-sustainability must be demonstrated.

Takes effect upon approval.