§37-36  Modification.  (a)  The director
of finance may modify or amend any previous allotment upon notice to the
department or establishment concerned; provided that:



(1)  For the University of Hawaii, the director of
finance may modify or amend any previous allotment only upon application of or
notice to the university, and upon public declaration, which shall be made ten
days prior to the modification or amendment taking effect;



(2)  The modification or amendment shall be made only
to avoid an illegal result or in anticipation of a revenue shortfall;



(3)  No deficit or undue reduction of funds to meet
future needs of the department or establishment will result from the
modification or amendment; and



(4)  No modification or amendment shall reduce an
allotment below the amount required to meet valid obligations or commitments
previously incurred against the allotted funds.



(b)  Prior to the implementation of any
modification in allotment proposed by the director of finance pursuant to
subsection (a), in which the sum of the modifications exceed 2.5 per cent of
the total general fund appropriation made by the legislature in any fiscal
year, the director shall notify the president of the senate, the speaker of the
house of representatives, and the chairpersons of the senate committee on ways
and means and the house of representatives committee on finance, respectively,
of the director's intent. [L Sp 1959 1st, c 12, pt of §3; Supp, §35-24; HRS
§37-36; gen ch 1985; am L 1986, c 320, §3; am L 1989, c 370, §2; am L 1992, c
294, §8; am L 1994, c 281, §§4, 7; am L 1995, c 11, §21; am L 1996, c 285, §1]