Report Title:
Budget Reform; Rainy Day Fund
Description:
Provides budget reform by increasing Rainy Day Fund appropriations in certain circumstances, requiring enhanced legislative analysis of future and hidden budget costs, and requiring a report on actual costs of new programs.
HOUSE OF REPRESENTATIVES |
H.B. NO. |
2165 |
TWENTY-SECOND LEGISLATURE, 2004 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO STATE BUDGET.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 328L-3, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) There is established in the state treasury the emergency and budget reserve fund which shall be a special fund administered by the director of finance, into which shall be deposited:
(1) Twenty-four and one-half per cent of the moneys received from the tobacco settlement moneys under section 328L-2(b)(1);
(2) Appropriations made by the legislature to the fund[.]; provided that:
(A) Notwithstanding any law to the contrary, in any fiscal year that the State's total revenues result in a surplus greater than fifty per cent more than the average of the revenue surpluses of the six years immediately preceding that fiscal year, the amount of the surplus shall be deposited in the fund; and
(B) The deposit shall take into consideration the State's needs for purposes of bond rating."
SECTION 2. Section 37-66, Hawaii Revised Statutes, is amended to read as follows:
"[[]§37-66[]] Responsibilities of the legislature. The legislature shall:
(1) Consider the long-range plans, including the proposed objectives and policies, the six-year state program and financial plan, and the budget and revenue proposals recommended by the governor and any alternatives thereto.
(2) Adopt programs and the state budget, and appropriate moneys to implement the programs it deems appropriate[.]; provided that all programs shall be assessed for their long-term impact and future and hidden costs.
(3) Adopt such other legislation as necessary to implement state programs.
(4) Review the implementation of the state budget and program accomplishments and execution of legislative policy direction. Implementation of the state budget and program management, execution, and performance shall be subject to post-audits by the auditor who shall report the auditor's findings and recommendations to the legislature as provided in chapter 23."
SECTION 3. Section 37-67, Hawaii Revised Statutes, is amended to read as follows:
"[[]§37-67[]] Responsibilities of the department of budget and finance. The director of finance shall assist the governor in the preparation, explanation, and administration of the state long-range plans, the proposed six-year program and financial plan, and the state budget. To this end, subject to this part, the director shall:
(1) With the approval of the governor, develop procedures and prescribe rules [and regulations] to guide such state agencies as may be assigned by the director the task of formulating and preparing the initial proposals with respect to long-range plans, program and financial plans, program budget requests, and program performance reports and to [assure] ensure the availability of information needed for effective policy decision-making.
(2) Assist such state agencies in the formulation of program objectives, preparation of program plans and program budget requests, and reporting of program performance.
(3) Coordinate, analyze, and revise as necessary the program objectives, long-range plans, program, and financial plans, program budget requests, and program performance reports initially proposed or prepared by such state agencies and develop the state comprehensive program and financial plan, budget, and program performance report.
(4) Administer its responsibilities under the program execution provisions of this part so that the policy decisions and budget determinations of the governor and the legislature are implemented to the fullest extent possible within the concepts of proper management.
(5) Investigate continuously the administration of the various agencies for the purpose of advising the governor and recommending to the governor, the legislature, and the committees of the legislature concerning the duties of the various positions in these agencies, the methods of the agency, the standards of efficiency therein, and changes which in the director's judgment will produce greater effectiveness of programs and economy in the conduct of government programs and assist in the preparation of program and financial plans, budget requests, and program performance reports.
(7) Provide the legislature and any member or committee of either house of the legislature with such documents and information as may be requested concerning the programs, budget, and fiscal and management operations of the State[.], including actual costs incurred by any new program established during the past year."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect upon its approval.
INTRODUCED BY: |
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