CONFERENCE COMMITTEE REPORT NO. 162

                            Honolulu, Hawaii
                                            , 1999

                            RE:   S.B. No. 1144
                                  S.D. 1
                                  H.D. 2
                                  C.D. 1




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

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

Sir:

     Your Committee on Conference on the disagreeing vote of the
Senate to the amendments proposed by the House of Representatives
in S.B. No. 1144, S.D. 1, H.D. 2, entitled:  

     "A BILL FOR AN ACT RELATING TO FINANCIAL INSTITUTIONS," 

having met, and after full and free discussion, has agreed to
recommend and does recommend to the respective Houses the final
passage of this bill in an amended form.

     The purpose of this measure is to provide that an
unspecified portion of the franchise tax revenues shall be
dedicated to the Financial Institution Examiners' Revolving Fund. 

     Upon careful consideration, your Committee on Conference has
amended this measure to provide that:

     (1)  The sum of $2,500,000 shall be dedicated from the
          franchise tax revenues by June 30 of each fiscal year
          to the credit of the Compliance Resolution Fund; and

     (2)  This measure shall become effective upon its approval. 

 
a                                                     SB1144 CD1
                            CONFERENCE COMMITTEE REPORT NO. 162
                            Page 2




     Your Committee on Conference is in accord with the intent
and purpose of S.B. No. 1144, S.D. 1, H.D. 2, as amended herein,
and recommends that it pass Final Reading in the form attached
hereto as S.B. No. 1144, S.D. 1, H.D. 2, C.D. 1.

                                   Respectfully submitted,

MANAGERS ON THE PART OF THE        MANAGERS ON THE PART OF THE
            HOUSE                             SENATE
                                   
                                   
                                   
______________________________     ______________________________
RON MENOR, Co-Chair                BRIAN KANNO, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
DWIGHT Y. TAKAMINE, Co-Chair       BRIAN T. TANIGUCHI, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
ROBERT N. HERKES, Member           ANDREW LEVIN, Co-Chair
                                   
                                   
                                   
______________________________     ______________________________
BERTHA C. KAWAKAMI, Member         ROBERT BUNDA, Member
                                   
                                   
                                   
______________________________     ______________________________
CYNTHIA HENRY THIELEN, Member      BOB NAKATA, Member


 
a                                                     SB1144 CD1