Bill
SB 2843
Aims to modernize and centralize State Treasury operations to boost efficiency, accountability, and transparency in cash management, reporting, and oversight.
Status: Died in committee (final action recorded 2025-03-04)
Introduced: (filed) 2024-01-19 / re-filed or received 2025-03-14 (records show activity across 2024–2025)
Primary sponsors: Sen. Kidani; co-sponsors Sen. Wakai and Sen. Fevella
Subjects: Accountability, Efficiency, Transparency, Appropriations, State Affairs
Companion bills: HB 5458; HB 1902
Note on sources: The bill text was not provided. This summary is based on the bill title, subject classification, sponsor information, and the detailed legislative action history supplied. Where the bill text is absent, I describe likely/typical provisions consistent with a “State Treasury Efficiency Act” and highlight uncertainty.
Purpose and intent
- To improve the efficiency, accountability, and transparency of the State Treasury’s operations and of state-level cash/appropriations management.
- Intended to modernize treasury functions and oversight so that funds are managed more effectively and reporting/auditing is strengthened.
Key (likely) provisions and changes (text not provided — below are common elements in treasury-efficiency bills)
- Consolidation or clarification of treasury functions: central cash-management authority, standardization of deposit and disbursement processes.
- Modernization of systems: funding or authorization for upgraded financial management systems, electronic payments, and centralized accounting.
- Investment and cash-management rules: revised authority or standards for short-term investments, pooled cash, and liquidity management.
- Reporting, transparency, and performance metrics: new or strengthened periodic reporting requirements to the legislature, public dashboards, or performance measures for treasury operations.
- Audit and oversight: enhanced internal controls, external audit schedules, and defined responsibilities for oversight bodies.
- Appropriations and interagency billing: procedural changes for intra-government transfers, reconciliations, and appropriation timing to reduce carryover or idle cash.
Who would be affected
- State Treasury and Department/Division staff responsible for cash management and investments.
- State agencies and departments that receive or disburse state funds (changes to how they report and interact with treasury).
- Vendors and financial services providers (changes in payment methods, centralization).
- Legislators and oversight committees (new reporting duties and performance oversight).
- Potential indirect effects on local governments if the bill alters state-local cash flows or timing.
Legislative history and procedural notes
- Multiple entries show activity in both 2024 and 2025 (committee referrals, hearings, amendments).
- Senate actions in 2024 include committee reports recommending passage with amendments and a Senate passage/engrossment record (late April 2024). The measure was transmitted to the House (early 2025 records).
- In 2025 the bill was referred to House committees (State Affairs; Accountability, Efficiency, Transparency) and ultimately recorded as Died In Committee on 2025-03-04. Other 2025 entries show additional readings and referrals—there is some inconsistency in the provided action log, but the final status is “Died In Committee.”
Next steps / how to get the full details
- To confirm specific provisions and exact impacts, obtain the bill text or substitute language (look up SB 2843 in the legislative bill repository for the relevant session or contact the primary sponsor’s office).
- Review companion bills HB 5458 and HB 1902 for parallel or alternative language that may contain the substantive provisions.
Compiled from official sources — confirm details with the bill’s official record.
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