Adjusts deductions from airport, state highway, and harbor special funds for central service expenses.

This bill amends Hawaii Revised Statutes to adjust the deductions from the airport revenue fund, state highway fund, and harbor special fund for central service expenses. It specifies a five percent deduction from these funds, after excluding certain pledged, charged, or encumbered amounts. The director of finance applies these deductions, transferring them to the general fund of the State. The bill also outlines procedures for annual percentage adjustments based on the Consumer Price Index for All Urban Consumers in Honolulu, with provisions for the governor to approve adjustments.

Adjusts deductions from airport, state highway, and harbor special funds for central service expenses.

This bill amends Hawaii Revised Statutes to adjust the deductions from the airport revenue fund, state highway fund, and harbor special fund for central service expenses. It specifies a five percent deduction from these funds, after excluding certain pledged, charged, or encumbered amounts. The director of finance applies these deductions, transferring them to the general fund of the State. The bill also outlines procedures for annual percentage adjustments based on the Consumer Price Index for All Urban Consumers in Honolulu, with provisions for the governor to approve adjustments.