STAND. COM. REP. NO. 1454-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2785
                                     S.D. 1
                                     H.D. 1




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

Sir:

     Your Committee on Finance, to which was referred S.B. No.
2785, S.D. 1, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO UNCLAIMED PROPERTY,"

begs leave to report as follows:

     The purpose of this bill is to expedite the funding of
claims filed for the return of abandoned property to their
rightful owners by establishing the Unclaimed Property Trust Fund
(Trust Fund).  Proceeds from the sale of unclaimed property would
be deposited into the Trust Fund.

     The Department of Budget and Finance testified in support of
this measure.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
2785, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair