Mass transit special fund; established; distribution of funds
HRS §248-2.7
in effect248-2.7. Mass transit special fund; established; distribution of funds
(a) There is established a mass transit special fund to be administered by the department of budget and finance.
(b) For the period beginning on January 1,
2018, to December 31, 2030, transient accommodations tax and surcharge on state
tax revenues allocated to the mass transit special fund pursuant to sections
237D-2(e) and 248-2.6 shall be deposited into the special fund. All interest
earned on the moneys in the special fund shall be credited to the general
fund. The mass transit special fund shall be exempt from the central service
expenses deduction under section 36-27 and departmental administrative expenses
deduction under section 36-30.
(c) Upon receiving a certification statement
from the comptroller pursuant to section 40-81.5, the director of finance shall
allocate and disburse moneys in the mass transit special fund to the director
of finance of a county with a population greater than five hundred thousand;
provided that the director of finance shall only disburse those amounts that
are certified in the certification statement for that county for the purposes
specified in section 46-16.8; provided further that revenues allocated from the
special fund shall not be used for:
(1) Operating or maintenance costs of the mass
transit project or any purpose not consistent with section 46-16.8(f); or
(2) Administrative, operating, marketing, or
maintenance costs, including personnel costs, of a rapid transportation
authority charged with the responsibility for constructing, operating, or
maintaining the mass transit project;
provided further that the total amount of funds that
are available, allocated, and disbursed by the director of finance pursuant to
this section shall not be in excess of the total amount indicated on the
certification statement. The director of finance may allocate and disburse
moneys pursuant to this section on a monthly basis.
Any amounts allocated and disbursed pursuant to
this section shall be subject to the availability of funds deposited and on
balance in the special fund. The director of finance shall not allocate or
disburse any amounts from the special fund that are in excess of any amounts
deposited and on balance in the special fund.
(d) The director of finance shall post all
certification statements received from the comptroller pursuant to section 40-81.5
on the department of budget and finance's website within ten working days of
payments made pursuant to this section.
(e) The department of budget and finance shall
submit an annual report to the legislature not later than twenty days prior to
the convening of each regular session on the total amount of funds allocated
pursuant to this section.
(f) The director of finance may establish
rules, exempt from chapter 91, for the purposes of this section. [L Sp 2017, c
1, §8; am L 2023, c 48, §7]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol04_Ch0201-0257/HRS0248/HRS_0248-0002_0007.htmFetched: 11/10/2026