STAND. COM. REP. NO. 1902

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.R. No. 149
                                     




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.R. No.
149 entitled: 

     "HOUSE RESOLUTION SUPPORTING THE USE OF INDIVIDUAL
     DEVELOPMENT ACCOUNTS,"

begs leave to report as follows:

     The purpose of this resolution is to support and recognize
Individual Development Accounts as effective and important
mechanisms for asset building that should be used to complement
exisiting income-based social policy in Hawaii.

     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.R. No. 149,
and recommends its adoption.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair