THE SENATE

S.B. NO.

330

THIRTY-FIRST LEGISLATURE, 2021

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to compliance REVIEWS.

 

 

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

 


SECTION 1. Section 26-8, Hawaii Revised Statutes, is amended to read as follows:

"26-8 Department of budget and finance. (a) The department of budget and finance shall be headed by a single executive to be known as the director of finance.

(b) The department shall:

(1) Undertake the preparation and execution of the executive budget of the state government;

(2) Conduct a systematic and continuous review of the finances, organization, and methods of each department of the State to assist each department in achieving the most effective expenditure of all public funds and to determine that such expenditures are in accordance with the budget laws and controls in force;

(3) Have custody of state funds and be responsible for the safekeeping, management, investment, and disbursement thereof; and

(4) Administer state debts.

(c) The functions and authority heretofore exercised by the bureau of the budget (except for insurance management, surplus property management, and central purchasing transferred to the department of accounting and general services) and the funds custody, cash management, debt management, and administering of veterans loan functions of the treasurer as heretofore constituted are transferred to the department of budget and finance established by this chapter.

(d) The director of finance shall conduct compliance reviews of the transactions, accounts, programs, and performance of all departments, offices, and agencies of the State and its political subdivisions. The reviews shall identify the degree of compliance of each entity's programs and expenditures with statutory requirements enacted by the immediately preceding legislature in the last biennium and shall be conducted after the close of a legislative biennium.

No later than twenty days prior to the convening of the regular session in odd numbered years, the director shall submit a report to the legislature of the compliance reviews conducted by the director of finance for the immediately preceding legislative biennium, together with findings relative to the expenditures made by and financial transactions of the departments, offices, and agencies of the State and its political subdivisions. Certified copies of all reviews made by the director of finance shall be sent to the governor. All reports shall be available for public inspection.

[(d)] (e) The employees' retirement system as constituted by chapter 88 is placed within the department of budget and finance for administrative purposes. The functions, duties, and powers, subject to the administrative control of the director of finance, and the composition of the board of trustees of the employees' retirement system shall be as heretofore provided by law."

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

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

 

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

Department of Budget and Finance; Compliance Audits

 

Description:

Requires the department of budget and finance to conduct compliance of all state agencies biennially. Requires the department to submit a report of their findings to the legislature at the start of each legislative biennial.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.