Bill > SB380

This bill reclassifies five specific trust accounts within the Department of Accounting and General Services (DAGS) from their current status to official trust funds, based on recommendations from Auditor's Report No. 23-17. The affected accounts include the refundable deposits for public works leasing branch and other public works, the state foundation on culture and the arts, and temporary deposits for automotive management and public works. These accounts were administratively established between 1984 and 2019 but did not meet the proper statutory definitions for their current classifications. By reclassifying these accounts, the bill aims to improve financial transparency, ensure compliance with statutory requirements, and enhance the management and oversight of state resources. The reclassification will help streamline DAGS's fund structure and promote public trust by ensuring that fund classifications accurately reflect their intended purposes. The bill is set to take effect on July 1, 2025, giving state agencies time to implement the necessary changes.

Government Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=380&year=2025