STAND. COM. REP. NO. 739

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1466
                                        S.D. 1




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. 1466, S.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO STATE RISK MANAGEMENT,"

begs leave to report as follows:

     The purpose of this bill is to make mandatory the
Comptroller's present discretionary authority to collect
assessments from state agencies for the risk management revolving
fund.

     Furthermore, this bill requires annual reporting of the
assessments, and repeals the Comptroller's authority to establish
deductibles for certain losses and perils covered under the fund.

     Your Committee finds that this measure will make agencies
more accountable for losses and risks sustained by them.

     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.
1466, S.D. 1, and recommends that it pass Third Reading.


 
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                                   STAND. COM. REP. NO. 739
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                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
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