Rainy day fund bill transfers money from general fund - Hawaii News Now - KGMB and KHNL

Rainy day fund bill transfers money from general fund

Governor Linda Lingle Governor Linda Lingle

HONOLULU (HawaiiNewsNow) - There's another safeguard against the bad economy. Governor Lingle signed a bill into law, that would help cushion the state against future economic downturns.

The measure would transfer five percent of the general fund balance, to the rainy day fund, whenever state revenues increase by five percent for two consecutive years.

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