Report Title:

Public Utilities Commission; Fund

Description:

Creates a special fund for the conversion of overhead utility lines to underground utilities; Provides for voluntary contributions to the special fund by taxpayers (HB1071 HD1).

HOUSE OF REPRESENTATIVES

H.B. NO.

1071

TWENTY-SECOND LEGISLATURE, 2003

H.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO THE PUBLIC UTILITIES COMMISSION.

 

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

SECTION 1. Chapter 235, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"235- Voluntary contributions to the underground conversion fund. The director shall allow taxpayers to designate and pay a voluntary contribution to the underground conversion fund on their annual income tax return. The voluntary contribution shall be added to the final income tax due or subtracted from any refund due and deposited to the underground conversion fund established in section 269-  ."

SECTION 2. Chapter 269, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"269- Underground conversion fund. (a) There is established in the state treasury the underground conversion fund, which shall be administered by the commission. The revenues to be deposited into the fund shall include voluntary contributions, including any contributions paid along with the state income tax."

SECTION 3. New statutory material is underscored.

SECTION 4. This Act shall take effect on July 1, 2005.