REPORT TITLE:
General Fund Ceiling


DESCRIPTION:
Changes the dates on which the Council must report its estimates
of total state personal income to the director of finance, the
governor, the chief justice, and the legislature.

 
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                                                        2942
THE SENATE                              S.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO THE GENERAL FUND EXPENDITURE CEILING REPORTING DATES.



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

 1      SECTION 1.  Section 37-94, Hawaii Revised Statutes, is
 
 2 amended to read as follows:
 
 3      "37-94  Director of finance; duties.  A preliminary
 
 4 estimate of the state growth and expenditure ceiling shall be
 
 5 determined by the director of finance as of August [1] 15 of each
 
 6 year.  The final estimate of the state growth and expenditure
 
 7 ceiling to be used by the legislature to make appropriations from
 
 8 the general fund in each year shall be determined by the director
 
 9 of finance as of November [1] 15 of each year.  Upon the
 
10 determination of both the preliminary estimate and the final
 
11 estimate of the state growth and expenditure ceiling, the
 
12 director shall inform the governor, chief justice, and the
 
13 legislature, and shall give, twice in successive weeks, statewide
 
14 public notice of the state growth and expenditure ceiling and the
 
15 maximum dollar amount that may be appropriated from the general
 
16 fund [twice in successive weeks]."
 
17      SECTION 2.  Section 37-113.1, Hawaii Revised Statutes, is
 
18 amended to read as follows:
 
19      "37-113.1  Council on revenues; estimate of total personal
 

 
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                                     S.B. NO.           
                                                        
                                                        


 1 income.  The council shall prepare an estimate of the total state
 
 2 personal income for the calendar year in progress and, when
 
 3 necessary, for the next succeeding calendar year for which such
 
 4 income has not been determined or published and shall report the
 
 5 estimate and any revision thereto to the director of finance, the
 
 6 governor, the chief justice, and the legislature each [July 20]
 
 7 August 5 and [October 20.] November 5."
 
 8      SECTION 2.  Statutory material to be repealed is bracketed.
 
 9 New statutory material is underscored.
 
10      SECTION 3.  This Act shall take effect upon its approval. 
 
11 
 
12                           INTRODUCED BY:  _______________________
 

 
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