HOUSE OF REPRESENTATIVES

H.B. NO.

707

TWENTY-EIGHTH LEGISLATURE, 2015

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to non-General funds.

 

 

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

 


PART I

SECTION 1. The purpose of this Act is to repeal and abolish various non-general funds pursuant to the recommendations made by the auditor in auditor's report nos. 14-04 and 14-13.

PART II

SECTION 2. The purpose of this part is to repeal the cancer detection development revolving fund.

The legislature finds that the fund does not serve the purpose for which it was created and does not meet the criteria for a revolving fund.

SECTION 3. Section 211F-5.5, Hawaii Revised Statutes, is repealed

["[211F-5.5] Cancer detection development revolving fund; establishment. (a) There is established the cancer detection development revolving fund to be administered by the Hawaii strategic development corporation to assist enterprises that develop healthcare and biomedical technology to detect cancer, including cervical cancer, in its early stages.

(b) The fund shall not be considered part of the general fund and shall consist of moneys:

(1) Appropriated by the legislature;

(2) Received as repayments of loans;

(3) Earned on investments;

(4) Received pursuant to a venture agreement;

(5) Received as royalties; and

(6) Received as premiums, or fees charged by the corporation or otherwise received by the corporation."]

PART III

SECTION 4. The following funds and accounts are abolished:

(1) The Hawaii criminal justice commission trust account established in 1985 and administered by the department of the attorney general;

(2) The preservation of endangered plants administratively established in 1989 and administered by the department of land and natural resources; and

(3) The State DOD physical amelioration donation administratively established in 2010 and administered by the department of defense,

and any remaining unencumbered balances shall be transferred to the general fund.

PART IV

SECTION 5.  On July 1, 2015, all unencumbered balances remaining in the cancer detection development revolving fund repealed by section 3 of this Act shall lapse to the credit of the general fund.

PART V

SECTION 6. Statutory material to be repealed is bracketed and stricken.

SECTION 7. This Act shall take effect on July 1, 2015.

 

INTRODUCED BY:

_____________________________

 

 


 


 

Report Title:

Non-General Funds; Repeal; Transfer of Balances

 

Description:

Repeals and transfers the unencumbered balances of various non-general funds and accounts as recommended by the auditor in auditor's report nos. 14-04 and 14-13.

 

 

 

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