Hawaii · statute · Haw. Rev. Stat. ch. 37C · 6 active provisions
(a) The director of finance, with the approval of the governor, shall submit to the legislature a recommended state debt management policy, in accordance with this chapter, at least twenty days prior to the convening of the regular session of 2017. (b) The recommended state debt management policy shall consist of guide…
The recommended state debt management policy shall be consistent with, but may be more restrictive than, state constitutional provisions and statutes. The recommended state debt management policy shall address the following issues, as well as any others deemed necessary by the director of finance: (1) Purposes for whic…
Upon receipt from the director of finance, the legislature shall consider the recommended state debt management policy. The legislature may establish the policy, with or without modification, by act.
For the purpose of this part: "Ensuing twenty-five fiscal year period" means the twenty-five fiscal years following the submittal of a multi-year program and financial plan to the legislature. "Fiscal years covered by the applicable multi-year program and financial plan" means the six fiscal years following the submitt…
The director of finance shall submit to the legislature a debt affordability study prior to the convening of the regular session of each odd-numbered year. The director shall submit the study with the multi-year program and financial plan.
(a) The purpose of the debt affordability study shall be to provide the legislature with information on the affordability of the future debt planned for the State. (b) The debt affordability study shall include the following information: (1) The projected annual appropriation, by source of funding, necessary to pay the…