Hawaii Administrative Rules Title 6 - DEPARTMENT OF BUDGET AND FINANCE
Hawaii Administrative Rules – Title 6: Department of Budget and Finance governs the rules and procedures related to the financial administration and budgetary policies of the State of Hawaii. This title outlines the responsibilities of the Department of Budget and Finance in managing the state’s financial resources, overseeing bond issuance, and providing guidance on state fund usage.
Here’s a summary of what is typically included under Title 6:
Title 6 – Department of Budget and Finance
Key Chapters May Include (varies slightly depending on updates):
Chapter 23 – State Bonds
Procedures and requirements for issuing, selling, and managing state bonds.
Definitions and roles of involved parties.
Compliance with federal tax-exempt bond laws.
Chapter 24 – Unclaimed Property Program
Guidelines for the management of unclaimed property.
Procedures for reporting and remitting unclaimed assets to the state.
Rights of property owners to claim their property.
Chapter 25 – Prepaid Health Care Act (Finance-related elements)
Related rules involving the financing of prepaid health care.
Oversight roles related to employer compliance from a financial standpoint.
Chapter 30 – Employees’ Retirement System (ERS) Financing
Contributions by employers and employees.
Actuarial standards and financial reporting for the ERS.
Investment policies for ERS funds.
Chapter 31 – Hawaii Employer-Union Health Benefits Trust Fund (EUTF)
Financing and benefit payment procedures.
Budgeting and financial planning for EUTF programs.
General Responsibilities of the Department
Preparation and execution of the state’s biennial budget.
Management of state debt and bond issuance.
Oversight of long-term financial planning.
Administering and safeguarding state funds and trust accounts.
Acting as fiscal advisor to the Governor and Legislature.
RELATED Blog
0 comments