REPORT Title:

Emergency Appropriation; Risk Management

Description:

For fiscal year 2006-2007, makes an emergency appropriation of $800,000 in general funds to the State Risk Management Revolving Fund (Fund), increases the State Risk Management revolving fund spending ceiling by $3,000,000, and transfers $2,926,000 in departmental and agency special or resolving funds to the Fund.  (SD1)

HOUSE OF REPRESENTATIVES	H.B. NO.	1227
TWENTY-FOURTH LEGISLATURE, 2007		H.D. 1
STATE OF HAWAII		S.D. 1

A BILL FOR AN ACT

MAKING AN EMERGENCY APPROPRIATION FOR RISK MANAGEMENT.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  This Act is recommended by the governor for immediate passage in accordance with section 9 of article VII of the Constitution of the State of Hawaii.

     SECTION 2. The purpose of this Act is to cover unanticipated increases in property insurance premiums and deductibles by making an emergency appropriation of $800,000 in general funds for deposit into the state risk management revolving fund, appropriating $2,926,000 out of various departmental and agency special or revolving funds for deposit into the state risk management revolving fund, and increasing the spending ceiling of the state risk management special fund by $3,000,000 to $21,450,000.

     SECTION 3.  In accordance with section 9 of article VII, of the Constitution of the State of Hawaii and sections 37-91 and 37-93, Hawaii Revised Statutes, the legislature has determined that the general fund expenditure ceiling for fiscal year 2006-2007 has already been exceeded by $90,137,694 or 1.68 per cent.  The appropriations contained in this Act will cause the state general fund expenditure ceiling for fiscal year 2006-2007 to be exceeded by an additional $800,000, or an additional 0.015 per cent.  The calculation contained in the foregoing sentence relates only to the amount of general funds appropriated in this Act for fiscal year 2006-2007.  The reasons for exceeding the general fund expenditure ceiling are that the appropriations made in this Act are necessary to serve the public interest and to meet the needs provided for by this Act.

     SECTION 4.  There is appropriated out of the general revenues of the State of Hawaii the sum of $800,000 for fiscal year 2006-2007 to be deposited into the state risk management revolving fund created in section 41D-4, Hawaii Revised Statutes.

     SECTION 5.  There is appropriated out of the following special or revolving funds of the following departments and agencies, the following sums for a combined sum of $2,926,000 in special or revolving funds for fiscal year 2006-2007 to be deposited into the state risk management revolving fund:

     Business & Economic Development and Tourism

     Foreign Trade Zone

          BED 107  Foreign-Trade Zones

              Special Fund                      $    6,000

     Hawaii Tourism Authority

          BED 113  Tourism Special Fund          $  165,000

     High Technology Development

     Corporation/Hawaii Center

     for Advanced Transportation

     Technologies

          BED 143  U.S. Air Force MORD-HEVDP    $    4,000

     High Technology Development

     Corporation

          BED 143  High Technology Special Fund $    5,000

     Hawaii Community Development

     Authority

          BED 150  Hawaii Community Development

              Revolving Fund                    $   42,000

     Transportation-Airports

          TRN 195  Airports Division             $1,395,000

     Transportation-Highways

          TRN 595  Highways Division            $  309,000

     Hawaii Health Systems Corp.

          HTH 210  Hawaii Health Systems

               Corporation Operating             $  223,000

     Hawaii Public Housing Authority

          HMS 220  Rental Housing Program       $  777,000

     SECTION 6.  There is appropriated out of the state risk management revolving fund the sum of $3,000,000 for fiscal year 2006-2007.

     SECTION 7.  All sums appropriated by this Act shall be expended by the department of accounting and general services for the purposes of this Act.

     SECTION 8.  This Act shall take effect upon its approval.