STAND. COM. REP. NO. 1317-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2438
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Judiciary and Hawaiian Affairs, to which
was referred S.B. No. 2438 entitled: 

     "A BILL FOR AN ACT RELATING TO JUDGMENTS,"

begs leave to report as follows:

     The purpose of this bill is to clarify that the post-
judgment interest rate shall be ten percent per year on the total
judgment amount.

     Testimony in support of this measure was received from the
Hawaii Financial Services Association, Hawaii Credit Union
League, and two concerned individuals.

     Your Committee finds that there is a need to clarify that in
civil suits, post-judgment interest shall be allowed on the
entire amount of judgments awarded, including situations where
pre-judgment interest is a part of the judgment.

     As affirmed by the record of votes of the members of your
Committee on Judiciary and Hawaiian Affairs that is attached to
this report, your Committee is in accord with the intent and
purpose of S.B. No. 2438 and recommends that it pass Second
Reading and be placed on the calendar for Third Reading.


 
 
 
 
 
 
                                 STAND. COM. REP. NO. 1317-00
                                 Page 2

 
                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Judiciary &
                                   Hawaiian Affairs,



                                   ______________________________
                                   ERIC G. HAMAKAWA, Chair