HOUSE OF REPRESENTATIVES

H.B. NO.

1325

TWENTY-SIXTH LEGISLATURE, 2011

 

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.  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 funds.  The University of Hawaii may retain up to five per cent of general funds appropriated, except for appropriations to fund financing agreements entered into in accordance with chapter 37D, at the close of a fiscal year.  The funds retained shall be carried over to the subsequent fiscal year and become part of that fiscal year's appropriation; provided that the retention of appropriated funds shall not be used as a basis for reducing the university's future budget requirements."

     SECTION 2.  New statutory material is underscored.


     SECTION 3.  This Act shall take effect upon its approval.

 

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

University of Hawaii; Carryover of Funds

 

Description:

Allows the University of Hawaii to retain up to five per cent of its appropriated general funds and carry it over to the subsequent fiscal year.

 

 

 

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