Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
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.
(1) Special out-of-school time instructional program fund under section 302A-1310;(2) School cafeteria special funds of the department of education;(3) Special funds of the University of Hawaii;
(4) Special funds established by section 206E-6;(5) Aloha Tower fund created by § 206J-17;(6) Funds of the employees’ retirement system created by § 88-109;(7) Hawaii hurricane relief fund established under chapter 431P;(8) Convention center enterprise special fund established under § 201B-8;(9) Hawaii health systems corporation special funds and the subaccounts of its regional system boards;
(10) Universal service fund established under section 269-42;(11) Emergency and budget reserve fund under § 328L-3;(12) Public schools special fees and charges fund under § 302A-1130;(13) Sport fish special fund under section 187A-9.5;(14) Neurotrauma special fund under § 321H-4;(15) Center for nursing special fund under § 304A-2163;(16) Passenger facility charge special fund established by section 261-5.5;(17) Court interpreting services revolving fund under section 607-1.5;(18) Trauma system special fund under section 321-22.5;(19) Hawaii cancer research special fund;(20) Community health centers special fund;(21) Emergency medical services special fund;(22) Rental motor vehicle customer facility charge special fund established under section 261-5.6;(23) Shared services technology special fund under section 27-43;(24) Nursing facility sustainability program special fund established pursuant to section 346F-4;(25) Automated victim information and notification system special fund established under section 353-136;(26) Hospital sustainability program special fund under section 346G-4; and(27) Civil monetary penalty special fund under section 321-30.2, shall be responsible for its pro rata share of the administrative expenses incurred by the department responsible for the operations supported by the special fund concerned; and(28) Stadium development special fund under section 109-3.5, shall be responsible for its pro rata share of the administrative expenses incurred by the department responsible for the operations supported by the special fund concerned. (b) Administrative expenses shall include:
(1) Salaries; (2) Maintenance of buildings and grounds; (3) Utilities; (4) General office expenses; and (5) Implementation of information technology policies developed by the chief information officer and the information technology steering committee pursuant to section 27-43. (c) The pro rata share of each special fund shall be that proportion of the administrative expenses of the department, including those paid from all special funds administered by the department, which the expenditures of the special fund bear to the total expenditures of the department; provided that in determining the amount to be charged to each special fund for its pro rata share:
(1) Credit shall be given for any administrative expenses paid from the special fund concerned; and (2) Other adjustments shall be made as necessary to achieve an equitable apportionment. (d) The director of finance may determine the amount to be charged to each special fund and may cause the amounts to be transferred to the general fund as reimbursements. (e) No later than twenty days prior to the convening of each regular session of the legislature, the director shall report all departmental administrative expenses assessments made during the preceding fiscal year.
