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TH3073E SENATE |
S.B. NO. |
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THIRTY-SECOND LEGISLATURE, 2024 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO THE SCHOOL FACILITIES SPECIAL FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 2. Act 257, Session Laws of Hawaii 2022, as amended by Act 175, Session Laws of Hawaii 2023, is amended by amending sections 1 and 2 to read as follows:
"SECTION
1. (a) There is appropriated out of the general
revenues of the State of Hawaii the sum of [$200,000,000] $100,000,000
or so much thereof as may be necessary for fiscal year 2023-2024 to be
deposited into the school facilities special fund.
The
sum appropriated shall be expended by the school facilities authority for the
purposes of this Act; provided that the appropriation authorized by this Act
shall not lapse at the end of the fiscal biennium for which the appropriation
is made; provided further that all moneys from the appropriation unencumbered
as of June 30, 2025, shall lapse as of that date.
(b) The director of finance is authorized to
issue general obligation bonds in the sum of $100,000,000 or so much thereof as
may be necessary and the same sum or so much thereof as may be necessary is
appropriated for fiscal year 2023-2024 for deposit into the school facilities
special fund.
The
sum appropriated shall be expended by the school facilities authority for the
purposes of this Act; provided that the appropriation authorized by this Act
shall not lapse at the end of the fiscal biennium for which the appropriation
is made; provided that all moneys from the appropriation unencumbered as of
June 30, 2025, shall lapse as of that date.
SECTION 2. There is appropriated out of the school facilities special fund the sum of $200,000,000 or so much thereof as may be necessary for fiscal year 2023-2024 for the school facilities authority to expand access to pre-kindergarten to eligible children of the State. The school facilities authority may expend the moneys appropriated in this section on:
(1) The construction of new school facilities;
(2) The renovation, improvement, and expansion of existing school facilities to increase pre-kindergarten student capacity; and
(3) Any other costs the school facilities authority deems appropriate to increase pre-kindergarten student capacity within the State.
The sum appropriated shall be expended by
the school facilities authority for the purposes of this Act; provided that the
appropriation authorized by this Act shall not lapse at the end of the fiscal
biennium for which the appropriation is made; provided further that all
moneys from the appropriation [authorized by this Act shall lapse on]
unencumbered as of June 30, [2024.] 2025, shall lapse as of
that date."
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act, upon its approval, shall take effect on June 29, 2024.
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INTRODUCED BY: |
_____________________________ |
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BY REQUEST |
Report Title:
School Facilities Special Fund; General Obligation Bond Appropriations
Description:
Changes the means of financing for a portion of funds appropriated for deposit into the school facilities special fund to expand pre-kindergarten student capacity within the State from general funds to general obligation bond funds. Extends the lapse date of the funds.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.