SB 2794

PROPOSING AMENDMENTS TO ARITLCE VII OF THE HAWAII CONSTITUTION REGARDING AN EMERGENCY AND BUDGET RESERVE FUND.

By Senator(s) MIZUGUCHI (BR)

Companion Bill: HB 2453

Subjects: Governor

Report Title: Rainy Day Fund; Const. Amend.

Description: Repeals the excess revenue tax refund. Establishes a fund for emergency and budget reserve purposes. Clarifies that appropriations to the Emergency and Budget Reserve Fund are excluded from the general fund expenditure ceiling and that appropriations from the Emergency and Budget Reserve Fund are included.

 1-25-          S Introduced and passed First Reading                      
 1-27-          S Referred to 1. WAM 2. JDC