Hawaii Revised Statutes 88-156 – Appropriations and expenditure
Terms Used In Hawaii Revised Statutes 88-156
- county: includes the city and county of Honolulu. See Hawaii Revised Statutes 1-22
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Annually the council of each county (or the city council in the case of the city and county of Honolulu) shall appropriate out of the general fund of the county the full amount required for each fiscal year to cover the payment of pensions and benefits granted under this part.
The appropriations shall be made so long as it shall be necessary to pay all pensions to persons on the pension rolls of the system as of December 31, 1927, and to pay all pensions which may become payable to or on account of all police officers, firefighters and bandsmen who were in service on December 31, 1927. All the pensioners and police officers, firefighters, and bandsmen shall be entitled to benefits at the full rates.
Expenditure of the appropriations shall be solely for the purposes set forth in this part.