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 five accounts being reclassified are: the refundable deposits for public works leasing branch, refundable deposits for public works non-leasing, state foundation on culture and the arts, temporary deposits for automotive management, and temporary deposits for public works. These accounts were administratively established between 1984 and 2019. The purpose of this reclassification is to ensure compliance with statutory definitions, enhance financial transparency, improve resource management and oversight, and promote public trust by aligning fund classifications with their actual intended purposes. The bill will take effect on July 1, 2025, allowing time for administrative preparation and implementation of the new fund classifications.

Government Affairs

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=380&year=2026