STAND. COM. REP. NO. 780

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1082
                                        S.D. 2




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

Sir:

     Your Committee on Ways and Means, to which was referred S.B.
No. 1082, S.D. 1, entitled:

     "A BILL FOR AN ACT RELATING TO THE BUREAU OF CONVEYANCES,"

begs leave to report as follows:

     The purpose of this bill is to provide a permanent source of
funding for the Bureau of Conveyances.

     This measure establishes the Bureau of Conveyances special
fund and deposits all revenues from the conveyance tax into the
fund along with a portion of other fees received by the Bureau of
Conveyances.  This measure also repeals the distribution of
revenues to the rental housing trust fund and the natural area
reserve fund.

     Your Committee finds that returning the conveyance tax
revenues to the Bureau of Conveyance special fund to plan,
implement, and operate a recording system is an effective and
efficient way to finance the needs of the Bureau.  Your
Committee, however, finds it unnecessary to repeal the
distribution of revenues to the rental housing trust fund and the
natural area reserve fund.  Accordingly, your Committee has
amended this measure to have twenty-five per cent of the revenues
of the Bureau of Conveyances special fund distributed to the

 
a                                                      SB1082 SD2
 
 
 
 
                                   STAND. COM. REP. NO. 780
                                   Page 2


rental housing trust fund and twenty-five per cent distributed to
the natural area reserve fund.

     Your Committee has also amended this measure by correcting
the references to the imposition of the conveyance tax and making
other technical, nonsubstantive amendments.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
1082, S.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as S.B. No. 1082, S.D.
2.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
a                                                      SB1082 SD2