Report Title:

UH fund carryover

Description:

Allows the University of Hawaii to carry over five per cent of general fund appropriations to the next fiscal year. (HB893 HD1)

HOUSE OF REPRESENTATIVES

H.B. NO.

893

TWENTY-SECOND LEGISLATURE, 2003

H.D. 1

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to the university of hawaii.

 

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

SECTION 1. Recognizing the autonomy of the University of Hawaii, the legislature has provided the university with more flexibility in managing its resources than a typical state agency.

The purpose of this Act is to increase the university's resource management flexibility by enabling the university to carry over five per cent of unexpended general funds from one fiscal period to the next.

SECTION 2. Chapter 37, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"37-     University of Hawaii; carryover of general funds. (a) The University of Hawaii may retain up to five per cent of any appropriation of general funds for operating purposes at the close of a fiscal year. The general funds retained shall not lapse until June 30th of the first fiscal year of the next fiscal biennium.

The university shall submit:

(1) A report to the director of finance no later than thirty days after the close of each fiscal year, which shall be prepared in the form prescribed by the director of finance and shall identify the total amount of funds that will carry over to the next fiscal year; and

(2) A copy of the report required in paragraph (1) to the legislature no later than twenty days before the convening of the next regular session of the legislature.

(b) Any appropriation retained in accordance with this section may be used by the university to supplement the appropriations for the university program where the money was originally appropriated."

SECTION 3. Section 37-32, Hawaii Revised Statutes, is amended to read as follows:

"37-32 Quarterly allotment periods. Except as provided in [section] sections 37-41.5[,] and 37- , no officer, department, or establishment shall expend or be allowed to expend during any fiscal year any sum for any purpose not specifically authorized by the legislature for expenditure during that particular fiscal year, and not made available pursuant to the allotment system provided for in sections 37-31 to 37-41. For the purposes of the allotment system, each fiscal year shall be divided into four quarterly allotment periods, beginning, respectively, on the first days of July, October, January, and April; provided that in any case where the quarterly allotment period is impracticable, the director of finance may prescribe a different period suited to the circumstances, not exceeding six months nor extending beyond the end of the fiscal year."

SECTION 4. Section 37-41, Hawaii Revised Statutes, is amended to read as follows:

"37-41 Appropriations to revert to state treasury exceptions. Unless otherwise provided by [section] sections 37-41.5 and 37- , or any other law, every appropriation or part thereof of any kind made subject to sections 37-31 to 37-40, remaining unexpended and unencumbered at the close of any fiscal year shall lapse and be returned to the general fund in the manner prescribed in section 40-66."

SECTION 5. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 6. This Act shall take effect on July 1, 2003.