ยง37-35 - Estimated expenditures; approval.
ยง37-35ย Estimated expenditures; approval.ย
The director of finance shall review all estimates submitted under section
37-34 and, having due regard for:
(1)ย The probable further needs of the department or
establishment for the remainder of the term for which the appropriation was
made;
(2)ย The terms and purposes of the appropriation, the
progress of collection of revenues, and condition of the treasury; and
(3)ย The probable receipts and total cash requirements
for the ensuing quarter, shall approve, increase, or reduce the amount of the
estimate;
provided that the director of finance shall approve
the estimates submitted by the University of Hawaii when:
(1)ย The sum of the estimates for each funding source
does not exceed the applicable allotment ceilings established by the governor
under section 37-34;
(2)ย The progress of collection of revenues, the
condition of the treasury, and the probable receipts and total cash
requirements for the ensuing quarter permit; and
(3)ย All other legal requirements are satisfied.
The director shall act promptly upon all estimates
and notify each department or establishment of its allotment, and shall notify
the comptroller. [L Sp 1959 1st, c 12, pt of ยง3; Supp, ยง35-23; HRS ยง37-35; gen
ch 1985; am L 1986, c 320, ยง2; am L 1989, c 370, ยง2; am L 1994, c 281, ยงยง4, 6;
am L 1995, c 11, ยง21]