HB2092

Report Title:

Revolving and Special Funds; Limitations on Use

 

Description:

Provides that revolving and special funds may be used only when there exists a clear link between the program and the sources of revenue to be dedicated toward its support, and only when the use of such a fund would be essential to the successful operation of the program.

 

HOUSE OF REPRESENTATIVES	H.B. NO.	2092
TWENTY-FIRST LEGISLATURE, 2002
STATE OF HAWAII

A BILL FOR AN ACT

 

relating to revolving and special funds.

 

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

SECTION 77. Chapter 37, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§37-    Revolving and special funds; limitations on use. Notwithstanding any law to the contrary:

(1) A revolving fund may be used only when there exists a clear link between the program and the sources of revenue to be dedicated toward its support, and only when the use of a revolving fund would be essential to the successful operation of the program; and

(2) A special fund may be used only when there exists a clear link between the program and the sources of revenue to be dedicated toward its support, and only when the use of a special fund would be essential to the successful operation of the program."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2002.

INTRODUCED BY:	_____________________________