2434
HOUSE OF REPRESENTATIVES                H.B. NO.           
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
________________________________________________________________
________________________________________________________________


                   A  BILL  FOR  AN  ACT

RELATING TO STATE FINANCES.



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

 1      SECTION 1.  The legislature determines that there is in the
 
 2 Hawaii community-based economic development revolving fund at
 
 3 least $550,000 in excess of the requirements of the fund.  There
 
 4 is hereby authorized and appropriated from the retained earnings
 
 5 in the Hawaii community-based economic development revolving fund
 
 6 created by section 210D-4, Hawaii Revised Statutes, the sum of
 
 7 $550,000 for fiscal year 2000-2001, to be deposited into the
 
 8 general fund.
 
 9      SECTION 2.  The legislature determines that there is in the
 
10 Hawaii strategic development corporation revolving fund at least
 
11 $1,000,000 in excess of the requirements of the fund.  There is
 
12 hereby authorized and appropriated from the retained earnings in
 
13 the Hawaii strategic development corporation revolving fund
 
14 created by section 211F-5, Hawaii Revised Statutes, the sum of
 
15 $1,000,000 for fiscal year 2000-2001, to be deposited into the
 
16 general fund.
 
17      SECTION 3.  This Act shall take effect on July 1, 2000.
 
18 
 
19                           INTRODUCED BY:  _______________________
 

 
a                                                     BED-12(00)