BIL 130 Draft 02 2010-2012 - Laserfiche WebLink

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COUNTY OF HAWAII STATE OF HAWAII BILL NO. 130 (DRAFT' 2) ORDINANCE NO. AN ORDINANCE AMENDING CHAPTER 2, ARTICLE 41, SECTION 2 -208, SECTION 2 -209, AND SECTION 2 -210 OF THE HAWAII COUNTY CODE 1983 (2005 EDITION, AS AMENDED), RELATING TO THE DISASTER AND EMERGENCY FUND. BE IT ORDAINED BY THE COUNCIL OF THE COUNTY OF HAWAII: SECTION 1. Purpose. A government should have a policy to guide the financial actions it will take in the event of emergencies, natural disasters, or other unexpected events. Such a policy identifies how the types of emergencies or unexpected events shall be handled from a financial management perspective. A sound fiscal policy with special funds that are sufficiently funded and managed can also help expedite relief efforts when an emergency does occur and allows the government to recover more quickly or more effectively in the event of a natural or human - caused disaster or emergency. Ordinance No. 04 -4 established the disaster and emergency fund to provide a strong fiscal policy that is dedicated to preserving the health, safety, and welfare of the citizens of the County, with the additional benefit of continuing to demonstrate sound financial management. Bolstering the County's contingency plan in advance of such situations may be viewed positively by rating agencies when evaluating a government's credit quality. The purpose of this ordinance is to ensure that the County has sufficient funding in place in the event of a natural or human - caused disaster or emergency and to further demonstrate appropriate and prudent management of County finances. SECTION 2. Chapter 2, article 41, section 2 -208, of the Hawai`i County Code 1983 (2005 Edition, as amended), is amended to read as follows: "Section 2 -208. Creation of fund N; purpose. (a) Pursuant to section 10 -12, Hawai`i County Charter 2010, a special fund to be known as the disaster and emergency fund is created. (b) The purpose of the disaster and emergency fund is to accumulate sufficient supplemental financial resources to respond to public health and safety emergencies, and to rebuild, repair, or replace County facilities and infrastructure damaged by natural or human - caused disasters or emergency events."