SB 1395: RELATING TO STATE FUNDS.

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Allocates interest earned on balances within the emergency and budget reserve fund to the general fund in years in which the emergency and budget reserve fund's balance exceeds the State's fund balance objective. For any fiscal year following a fiscal year in which emergency and budget reserve fund interest is deposited into the general fund, requires the Governor to include in the budget or supplemental budget submitted to the Legislature a request that an amount of general funds equal to the amount of interest deposited be expended to advance projects that address climate change impacts. Effective 7/1/3000. (HD1)

Sponsors

Sponsors by party (alphabetical): Democratic 1

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

1. March 18, 2025The committee(s) on WAL recommend(s) that the measure be deferred.
2. March 14, 2025Reported from EEP (Stand. Com. Rep. No. 1248) as amended in HD 1, recommending passage on Second Reading and referral to WAL.
3. March 14, 2025Passed Second Reading as amended in HD 1 and referred to the committee(s) on WAL with none voting aye with reservations; Representative(s) Alcos, Garcia, Muraoka, Pierick, Shimizu voting no (5) and Representative(s) Cochran, Holt, Iwamoto, Ward excused (4).
4. March 14, 2025Bill scheduled to be heard by WAL on Tuesday, 03-18-25 10:00AM in House conference room 411 VIA VIDEOCONFERENCE.
5. March 13, 2025The committee on EEP recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 5 Ayes: Representative(s) Lowen, Perruso, Kahaloa, Kusch, Quinlan; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Ward.
6. March 10, 2025Bill scheduled to be heard by EEP on Thursday, 03-13-25 9:45AM in House conference room 325 VIA VIDEOCONFERENCE.
7. March 6, 2025Pass First Reading
8. March 6, 2025Referred to EEP, WAL, FIN, referral sheet 19
9. March 4, 2025Report Adopted; Passed Third Reading, as amended (SD 2). Ayes, 23; Aye(s) with reservations: none. Noes, 2 (Senator(s) Awa, DeCorte). Excused, 0 (none). Transmitted to House.
10. March 4, 2025Received from Senate (Sen. Com. No. 321) in amended form (SD 2).
11. February 28, 2025Reported from WAM (Stand. Com. Rep. No. 1010) with recommendation of passage on Third Reading, as amended (SD 2).
12. February 28, 202548 Hrs. Notice 03-04-25.

Showing 12 most recent of 21 actions. Full history