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 HD2).

HOUSE OF REPRESENTATIVES

H.B. NO.

1071

TWENTY-SECOND LEGISLATURE, 2003

H.D. 2

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 establish procedures to allow a taxpayer to designate and pay a voluntary contribution to the underground conversion fund on the taxpayer's annual state income tax return. The amount of 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 deposited into the fund shall include voluntary contributions, including any voluntary contribution designated by a taxpayer on the taxpayer's state income tax form as provided in section 235-     .

Moneys in the fund shall be expended to support the conversion of overhead utility lines to underground lines."

SECTION 3. New statutory material is underscored.

SECTION 4. This Act shall take effect on July 1, 2010.