Report Title:

Federal Grants Revolving Fund

 

Description:

Renames the existing Federal Grants Search, Development, and Application Revolving Fund as the Federal Grants Revolving Fund.  Allows funds in the Federal Grants Revolving Fund to be used to monitor grant execution, ensure compliance with grant requirements, and audit grant expenditures.

 


HOUSE OF REPRESENTATIVES

H.B. NO.

181

TWENTY-FIFTH LEGISLATURE, 2009

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT


 

 

relating to the federal grants revolving Fund.

 

 

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

 


SECTION 1.  The purpose of this Act is to:

     (1)  Rename the existing federal grants search, development, and application revolving fund within the department of education as the federal grants revolving fund; and

     (2)  Include, as allowable uses of the federal grants revolving fund, expenditures for monitoring grant execution, ensuring compliance with grant requirements, and auditing grant expenditures.

SECTION 2. Section 302A-1405, Hawaii Revised Statutes, is amended to read as follows:

            "[[]§302A-1405[]]  Federal grants [search, development, and application] revolving fund.  (a)  There is established a federal grants [search, development, and application] revolving fund into which shall be deposited the department's share of federal indirect overhead reimbursements, pursuant to section 302A-1404.  Unless otherwise provided by law, all other receipts shall immediately be deposited to the credit of the general fund of the State.  The department may expend funds in the federal grants [search, development, and application] revolving fund to search for discretionary grants, [and] develop program applications to secure additional revenues for the department, monitor grant execution, ensure compliance with grant requirements, and audit grant expenditures.  Moneys in the revolving fund may be expended for consultant services and operational expenses, including the creation and hiring of temporary staff.

(b)  The department shall prepare and submit an annual report on the status of the federal grants [search, development, and application] revolving fund to the legislature.  The annual report shall include but not be limited to a list of the grant applications to the federal agencies and the grant awards received. "

SECTION 3.  Statutory material to be repealed is bracketed and stricken.  New statutory material is underscored.

SECTION 4. This Act shall take effect upon its approval.

 

INTRODUCED BY:

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