§328L-3 Emergency and budget reserve fund. (a) There is established in the state treasury the emergency and budget reserve fund, which shall be a special fund administered by the director of finance and into which shall be deposited:
All moneys deposited into the emergency and budget reserve fund under paragraphs (1), (2), and (3) and all moneys deposited under paragraph (4) shall be kept in separate and distinct accounts.
(b) All interest earned from moneys in the emergency and budget reserve fund shall be credited to the emergency and budget reserve fund.
(c) Expenditures from the emergency and budget reserve fund shall be a temporary supplemental source of funding for the State during times of emergency, severe economic downturn, or unforeseen reduction in revenues. No expenditures shall be made from the emergency and budget reserve fund except pursuant to appropriations. The general appropriations bill or the supplemental appropriations bill, as defined in section 9 of article VII of the Hawaii constitution, shall not be used to appropriate moneys from the emergency and budget reserve fund. The governor, through an appropriations bill, may recommend expenditures from the emergency and budget reserve fund by setting forth the purposes of the expenditures consistent with subsection (d), the amounts, and the reasons justifying the necessity for the appropriations.
(d) The legislature may make appropriations from the fund for the following purposes:
Any act making appropriations from the emergency and budget reserve fund shall include a declaration of findings and purposes setting forth the purposes, the amounts, and the reasons why the appropriations are necessary and shall require a two-thirds majority vote of each house of the legislature.
(e) Appropriations for the following purposes from the emergency and budget reserve fund are specifically prohibited:
(f) The legislature shall not appropriate from the emergency and budget reserve fund: