HI SB1395

Redirects interest earned on Hawaii's emergency and budget reserve fund to the general fund when the reserve fund balance exceeds the fund balance objective established in administrative directive number 22-01

Requires the governor to submit a budget request in the following fiscal year for general fund expenditures equal to the deposited interest amount, specifically for climate change mitigation, adaptation, and resiliency projects

Amends Section 328L-3, Hawaii Revised Statutes, to change how interest from the emergency and budget reserve fund is allocated based on the fund balance threshold

Declares that Hawaii is experiencing a climate emergency requiring comprehensive and coordinated mitigation efforts to protect the state's economy, environment, security, and culture

Effective date set for July 1, 3000 (placeholder date indicating further legislative action needed)