Report Title:

UH; Revolving Fund

 

Description:

Authorizes the University of Hawaii for a 2-year period to transfer all nongeneral funds into the University of Hawaii commercial enterprises revolving fund to finance the establishment of new enterprises. (SD1)

 

THE SENATE

S.B. NO.

1206

TWENTY-FIRST LEGISLATURE, 2001

S.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. Section 304-8.41, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:

"(c) Any law to the contrary notwithstanding, from July 1, 2001 to June 30, 2003, the university may transfer [private] all funds at its disposal, with the exception of general funds, into this revolving fund to finance the establishment of new enterprises."

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 Statutory material to be repealed is bracketed and stricken.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.