STAND. COM. REP. NO. 1385

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 1431
                                        




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Judiciary, to which was referred H.B. No.
1431 entitled: 

     "A BILL FOR AN ACT RELATING TO PUBLIC FINANCIAL DISCLOSURE
     STATEMENTS,"

begs leave to report as follows:

     The purpose of this bill is to require financial
disclosures, without dollar amounts, from members of the
University of Hawaii Board of Regents, the Board of Land and
Natural Resources, the Board of Agriculture, and the Hawaiian
Homes Commission.

     Your Committee finds that members of these boards currently
do not file financial disclosure statements, even though their
respective executive directors or equivalent positions are
required to file such statements.  Your Committee further finds
that financial disclosure statements are required from equivalent
state officeholders, either by statute or, in the case of judges,
by Supreme Court rule.  Your Committee believes that this bill
strikes an appropriate balance between disclosure of financial
interests and privacy by not requiring that the actual dollar
value of an interest be reported.

     Testimony in support of this measure was received from the
Hawaii State Ethics Commission, the League of Women Voters, and
Common Cause Hawaii.  Testimony stating no opposition to this
measure was received from the Board of Land and Natural

 
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                                   STAND. COM. REP. NO. 1385
                                   Page 2


Resources.  Testimony in opposition to this measure was received
from the University of Hawaii Board of Regents.

     As affirmed by the record of votes of the members of your
Committee on Judiciary that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
1431, and recommends that it pass Second Reading and be placed on
the calendar for Third Reading.

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



                                   ______________________________
                                   AVERY B. CHUMBLEY, Co-Chair



                                   ______________________________
                                   MATTHEW M. MATSUNAGA, Co-Chair

 
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