SB1473

SB1473 amends Hawaii Revised Statutes to adjust transfers from state highway, airport, and harbor special funds for central service expenses.

SB1473 modifies Hawaii Revised Statutes to adjust the transfers from the state highway fund, airport revenue fund, and harbor special fund for central service expenses. Specifically, five percent of all receipts and deposits in these funds are deducted annually to cover central service expenses, with a cap of $5,000,000. The director of transportation proposes annual adjustments to these transfers based on the Consumer Price Index for All Urban Consumers in Honolulu, minus food and energy. If the adjustment results in a negative percentage, the governor can approve a zero percent adjustment.