STAND. COM. REP. NO. 964

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 1083
                                     H.D. 2




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
1083, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO THE DEPARTMENT OF COMMERCE
     AND CONSUMER AFFAIRS,"

begs leave to report as follows:

     The purpose of this bill is to allow the Department of
Commerce and Consumer Affairs (DCCA) to become fiscally self-
sufficient by combining most of the DCCA's special and revolving
trust funds into the DCCA Compliance Resolution Fund (CRF). The
CRF would be managed by DCCA to fund DCCA operations, and the CRF
would not be subject to central service and departmental
administrative expense reimbursement deductions or other
reversions to the general fund.

     The Department of Commerce and Consumer Affairs testified in
support of this bill.

     Your Committee has amended this measure by:

     (1)  Clarifying that additional special or revolving funds
          to be administered by the insurance commissioner that
          are established by an act passed this session would not
          be combined into the CRF; and

     (2)  Making technical, nonsubstantive amendments for
          purposes of style and clarity.

 
 
 
                                 STAND. COM. REP. NO. 964
                                 Page 2

 
     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
1083, H.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as H.B. No. 1083, H.D.
2.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair