THE SENATE

S.B. NO.

1332

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. (a) 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 and the funds retained shall be carried forward to the next fiscal year and become part of that fiscal year's appropriation; provided that the retention of an appropriation 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:

_____________________________

 

BY REQUEST



 

Report Title:

University of Hawaii; Carryover Funds

 

Description:

Amending chapter 37, Hawaii Revised Statutes, to allow for the carryover of up to five percent of general funds appropriated into the next fiscal year.

 

 

 

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