STAND. COM. REP. 1423

Honolulu, Hawaii

, 2003

RE: S.B. No. 420

S.D. 1

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 420, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO STATE FINANCES,"

begs leave to report as follows:

The purpose of this bill is to:

(1) Repeal certain state funds that do not meet the criteria for continuation; and

(2) Transfer excess balances from special and revolving funds to the general fund of the State.

The Department of Agriculture supported Part III of the bill which repeals the Irrigation Water Development Special Fund. The Department of Budget and Finance submitted a proposed amendment. The Tax Foundation of Hawaii provided comments.

Your Committee has amended this bill by deleting its contents and inserting those of H.B. No. 1152, H.D. 1, that:

(1) Repeals:

(a) The Petroleum Products Control Fund;

(b) The Hawaii Film Facility Special Fund;

(c) The Clean Hawaii Fund;

(d) The Homes Revolving Fund;

(e) The State Disaster Revolving Loan Fund; and

(f) The Hawaii Innovation Development Fund;

(2) Transfers the unexpended and unencumbered balances of these funds and of the Boiler and Elevator Safety Revolving Fund, repealed July 31, 2003, by Act 142, Session Laws of Hawaii, 1998, to the general fund;

(3) Transfers certain sums from the following funds that are in excess of fund requirements to the general fund;

(a) The Cigarette Tax Stamp Enforcement Special Fund;

(b) The Medicaid Investigations Recovery Fund;

(c) The Litigation Settlement Clearance Account;

(d) The Aloha Tower Fund;

(e) The Dwelling Unit Revolving Fund;

(f) The Teachers' Housing Revolving Fund;

(g) The Housing Finance Revolving Fund;

(h) The Waialua Loan and Subsidy Account;

(i) The Compliance Resolution Fund;

(j) The Noise, Radiation and Indoor Air Quality Special Fund;

(k) The Spouse and Child Abuse Special Account;

(l) The Bureau of Conveyances Special Fund;

(m) The Statewide Planning and Geographic Information System Special Fund;

(n) The Homes Revolving Fund; and

(o) The Petroleum Products Control Special Fund;

and

(4) Appropriates $175,431 in general funds for each of fiscal years 2003-2004 and 2004-2005 to operate the Hawaii Film Studio.

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 S.B. No. 420, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 420, S.D. 1, H.D. 1 and be placed on the calendar for Third Reading.

 

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair