HI SB2921

Authorizes the Director of Finance to transfer excess balances from non-general fund accounts to the state general fund for fiscal year 2026-2027, targeting amounts exceeding one year's operating expenses.

Responds to anticipated federal funding reductions and economic uncertainty by consolidating state funds to maintain essential services, similar to the approach taken during the COVID-19 pandemic under Act 87, Session Laws of Hawaii 2021.

Lists numerous special funds across multiple state departments for potential transfers, including funds from Agriculture and Biosecurity, Attorney General, Budget and Finance, Business/Economic Development/Tourism, and other agencies.

All transfer amounts in the bill text are listed as $0, indicating the specific dollar amounts are yet to be determined or will be filled in during the legislative process.

Provides a framework for fiscal preparedness by allowing the state to redirect non-general fund reserves to cover programs that may lose federal support.