HRS §40-90
When old financial holds become void
This section says when certain money reservations, called encumbrances, expire. Inactive ones expire six months after the fiscal year ends, unless the comptroller sets a shorter time. Contract encumbrances expire after five years, but the comptroller can extend them for good reason.
state agencies
The statute, as written — Encumbrances, when void
(a) All encumbrances for claims which the comptroller has determined to be inactive shall become void six months from the end of the fiscal year of the original encumbrance, or within a period of time less than six months as designated by the comptroller. (b) All encumbrances for contracts shall become void after five years from the end of the fiscal year of the original encumbrance; provided that the comptroller may grant an exemption from this subsection if the comptroller finds that there is sufficient justification to extend a contract encumbrance.
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