STAND. COM. REP. NO. 1013-26

Honolulu, Hawaii

, 2026

RE: H.B. No. 2274

H.D. 1

Honorable Nadine K. Nakamura

Speaker, House of Representatives

Thirty-Third State Legislature

Regular Session of 2026

State of Hawaii

Madame:

Your Committee on Finance, to which was referred H.B. No. 2274 entitled:

"A BILL FOR AN ACT RELATING TO FUNDING ADJUSTMENTS FOR STATE PROGRAMS,"

begs leave to report as follows:

The purpose of this measure is to appropriate general funds to various programs due to anticipated operating shortfalls because of the lack of authority to transfer funds between programs.

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

Your Committee finds that this measure provides a means for departments to address operating budget shortfalls due to the limited ability to transfer funds between programs within the same department and ensure continued departmental services and operations that serve the public good.

Your Committee has amended this measure by changing the effective date to July 1, 3000, to encourage further discussion.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2274, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2274, H.D. 1, and be placed on the calendar for Third Reading.

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

____________________________

CHRIS TODD, Chair