SB3041 HD1

Report Title:

DOE Storeroom Revolving Fund; Repeal

 

Description:

Repeals the DOE storeroom revolving fund. Requires the superintendent of education to transfer all unexpended or unencumbered funds remaining in the DOE storeroom revolving fund as of December 31, 2002, to the general fund. (SB3041 HD1)

THE SENATE	S.B. NO.	3041
TWENTY-FIRST LEGISLATURE, 2002		S.D. 1
STATE OF HAWAII		H.D. 1

A BILL FOR AN ACT

 

relating to the department of education storeroom revolving fund.

 

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

SECTION 1. Section 302A-1304, Hawaii Revised Statutes, is repealed.

["[§302A-1304] Department of education storeroom; revolving fund. There shall be a storeroom established by the department to provide schools a source for commonly used educational, office, and custodial supplies. There is established a revolving fund to be known as the "storeroom revolving fund", into which shall be deposited the receipts from charges made to schools for the supplies and cost of issuing the supplies from the storeroom and transfers from other accounts or funds. Receipts and transfers deposited into the storeroom revolving fund may be expended to purchase educational, office, and custodial supplies, and equipment and services needed to operate the storeroom. Balances in excess of $400,000 at the end of each fiscal year shall lapse into the general fund."]

SECTION 2. The superintendent of education shall transfer any unexpended and unencumbered funds remaining in the storeroom revolving fund as of December 31, 2002, to the general fund.

SECTION 3. Statutory material to be repealed is bracketed and stricken.

SECTION 4. This Act shall take effect on December 31, 2002.