HOUSE OF REPRESENTATIVES
                           THE TWENTIETH LEGISLATURE
                            REGULAR SESSION OF 1999

                             COMMITTEE ON FINANCE
                       Rep. Dwight Y. Takamine, Chairman
                    Rep. Bertha C. Kawakami, Vice Chairman
           Rep. Lei Ahu Isa                  Rep. Iris Ikeda Catalani
           Rep. Kenny Goodenow               Rep. Michael P. Kahikina
           Rep. Ezra R. Kanoho               Rep. Sylvia Luke
           Rep. Bob Nakasone                 Rep. Scott K. Saiki
           Rep. Brian Schatz                 Rep. Nathan Suzuki
           Rep. Brian Y. Yamane              Rep. Galen Fox
           Rep. Barbara Marumoto             Rep. Colleen Meyer
           Rep. Mark Moses

                               NOTICE OF HEARING

                DATE:    Thursday, February 18, 1999
                TIME:    2:00 P.M.
                PLACE:   Conference Room 308, State Capitol

                                A G E N D A #2

HB 1039       PROPOSING AMENDMENT OF ARTICLE VII OF THE HAWAII CONSTITUTION TO
           ESTABLISH AN EMERGENCY AND BUDGET RESERVE FUND.
           Proposes an amendment to article VII, section 6 and section 9 of the
           Constitution of the State of Hawaii. (FIN)

HB 1040       RELATING TO AN EMERGENCY AND BUDGET RESERVE FUND.
           Establishes a fund for emergency and budget reserve purposes. (FIN)

HB 59         RELATING TO AN EMERGENCY AND BUDGET STABILIZATION FUND.
           Establishes an emergency and budget stabilization fund. (FIN)

HB 60         PROPOSING AN AMENDMENT TO ARTICLE VII, SECTION 6 OF THE HAWAII
           CONSTITUTION TO REDISTRIBUTE EXCESS STATE GENERAL FUND REVENUES.
           Proposes a constitutional amendment to distribute excess revenues
           equally:  half to taxpayers in the form of a tax refund or credit and
           half to a "rainy day fund" to be known as the Emergency and Budget
           Stabilization Fund. (FIN)

HB 86         RELATING TO STATE BONDS.
           Authorizes issuance of general obligation bonds. (FIN)

                   DECISION MAKING TO FOLLOW IF TIME PERMITS

                             DECISION MAKING ONLY

HB 1197       RELATING TO CONFORMITY OF THE HAWAII INCOME TAX LAW TO THE INTERNAL
           REVENUE CODE.
           Amends Hawaii's income tax law to conform with the changes to the
           Internal Revenue Code (Short Form). (FIN)
 
PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 45 COPIES OF THEIR TESTIMONY 24
HOURS PRIOR TO THE HEARING TO:  (1)  ROOM 306, STATE CAPITOL, OR (2)  THE HOUSE SGT.-
AT-ARMS PERSONNEL IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT.
TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-AT-ARMS OFFICE AT:  586-6501 (OAHU) OR 1-
800-535-3859 (NEIGHBOR ISLANDS).  WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY
IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES
THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET.  FOR
FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6200.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN
THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER,
WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE
COMMITTEE CLERK 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.



                                         ____________________________________
                                         Rep. Dwight Y. Takamine
                                         Chairman