STAND. COM. REP. NO. 372-24

Honolulu, Hawaii

, 2024

RE: H.B. No. 2380

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committee on Transportation, to which was referred H.B. No. 2380 entitled:

"A BILL FOR AN ACT MAKING AN EMERGENCY APPROPRIATION TO THE DEPARTMENT OF BUDGET AND FINANCE,"

begs leave to report as follows:

The purpose of this measure is to make an emergency appropriation out of the Mass Transit Special Fund that will allow the Department of Budget and Finance to disburse funds in the Mass Transit Special Fund.

Your Committee received testimony in support of this measure from Department of Budget and Finance.

Your Committee finds that in Fiscal Year 2022-2023, the Mass Transit Special Fund received revenues totaling $405,454,763, which was $27,879,763 above the Special Fund's ceiling appropriated by Act 88, Session Laws of Hawaii 2021, as amended by Act 248, Session Laws of Hawaii 2022. Additionally, $95,877,228 was carried over from the Mass Transit Special Fund's ending cash balance for Fiscal Year 2021-2022. As a result, the Department of Budget and Finance was unable to disburse all the available funds in Fiscal Year 2022-2023 and carried over $123,756,991 into Fiscal Year 2023-2024.

Your Committee further finds that based on estimated revenues of $410,240,000 for the Mass Transit Special Fund for Fiscal Year 2023-2024 and the carryover of the ending cash balance from Fiscal Year 2022-2023, the Department anticipates there will again be a shortfall in the Special Fund's ceiling for the Mass Transit Special Fund. This measure will provide an emergency appropriation to allow the Department to disburse the funds in the Mass Transit Special Fund.

Your Committee has amended this measure by:

(1) Changing the effective date to July 1, 3000, to encourage further discussion; and

(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

As affirmed by the record of votes of the members of your Committee on Transportation that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2380, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2380, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Transportation,

____________________________

CHRIS TODD, Chair