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Bill

SB 1473

RELATING TO CENTRAL SERVICES ASSESSMENT.

2025 Regular Session Introduced by Ron Kouchi

SB 1473 modifies how central service costs are assessed for state funds, impacting agencies' budgets and promoting better financial management and resource use.

The committee(s) on FIN recommend(s) that the measure be deferred.
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Bill Summary · SB 1473

Summary of SB 1473: Relating to Central Services Assessment

Purpose and Intent

Senate Bill 1473 (SB 1473) aims to address the assessment of central services expenses related to various state funds, including the Airport Revenue Fund, Harbor Special Fund, and State Highway Fund. The bill seeks to clarify and potentially modify how these assessments are calculated and allocated, ensuring that state agencies are appropriately funded for the central services they provide.

Key Provisions

  • Central Services Assessment: The bill proposes changes to the methodology used for assessing central service expenses across different state funds. This could involve adjustments in how costs are distributed among the funds, impacting the financial management of state resources.

  • Affected Funds: The primary funds impacted by this legislation include:

    • Airport Revenue Fund: Revenue generated from airport operations.
    • Harbor Special Fund: Funds allocated for harbor-related services and infrastructure.
    • State Highway Fund: Funding for the maintenance and development of state highways.

  • Transfer Mechanisms: The bill outlines provisions for transferring funds between these accounts to ensure that central service costs are adequately covered, promoting fiscal responsibility and transparency.

Impact

  • State Agencies: Various state agencies that rely on the aforementioned funds will be directly affected by the changes in assessment methodology. This could influence their operational budgets and the services they provide to the public.

  • Financial Management: The bill aims to enhance the efficiency of financial management within state government by ensuring that central service expenses are fairly assessed and allocated, potentially leading to better resource utilization.

Procedural Timeline

  • Introduced: January 21, 2025
  • First Reading: January 23, 2025

  • Committee Hearings: The bill has undergone several committee reviews and amendments:

    • Transportation Committee (TRN): Recommended passage with amendments on March 11, 2025.
    • Ways and Means Committee (WAM): Recommended passage with amendments on February 27, 2025.
    • Finance Committee (FIN): Scheduled for decision-making on April 2, 2025, but has recommended deferral as of April 2, 2025.

  • Current Status: As of April 2, 2025, the bill has been deferred by the Finance Committee, indicating that further discussion or revision may be necessary before it can proceed.

Sponsors

  • Primary Sponsor: Senator Kouchi

Related Legislation

  • Companion Bill: HB 1154, which addresses similar issues regarding central services assessments.

This summary provides an overview of SB 1473, highlighting its purpose, key provisions, potential impacts, and procedural status to inform stakeholders and the public about the bill's implications for state financial management.

Compiled from official sources — confirm details with the bill’s official record.

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