STAND. COM. REP. NO. 1943_______

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.C.R. No. 62
                                     




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.C.R. No.
62, entitled: 

     "HOUSE CONCURRENT RESOLUTION URGING THE U.S. CONGRESS TO
     ENACT LEGISLATION THAT AMENDS THE SOCIAL SECURITY ACT TO
     PROHIBIT THE FEDERAL GOVERNMENT FROM RECEIVING ANY SHARE OF
     THE FUNDS AWARDED IN THE TOBACCO SETTLEMENT THAT WAS REACHED
     IN 1998 BETWEEN THE STATES AND THE TOBACCO INDUSTRY,"

begs leave to report as follows:

     The purpose of this concurrent resolution is to urge the
U.S. Congress to enact legislation that amends the Social
Security Act to prohibit the Federal Government from receiving
any share of the funds awarded in the tobacco settlement that was
reached in 1998 between the States and the tobacco industry.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee concurs with the intent and purpose of H.C.R. No. 62,
and recommends its adoption.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair