SB 1039

RELATING TO FLEXIBLE SPENDING ACCOUNTS

By Senator(s) MIZUGUCHI (BR)

Companion Bill: HB 1126

Subjects: Governor

Keywords: PUBLIC EMPLOYEES, SALARIES AND WAGES, TAX EXEMPTIONS

Report Title: Public emplys; benefit choices

Description: Proposes to: (1) require all flexible spending accounts participant contributions, interest earned, and forfeited participant balances be held in trust outside the State Treasury, and (2) requires interest earned on the contributions and forfeited participant balances to be used to defray the monthly participant fees and other administrative costs.

 1-26-99        S Introduced and passed First Reading                      
 1-27-99        S Referred to 1. LRE 2. WAM                                
 2-12-99        S Bill scheduled to be heard by LRE on 02-16-99 at
                  1:30 p.m. in conference room 225
 2-16-99        S The committee on LRE recommends that the measure be         
                  PASSED, UNAMENDED.
 2-16-99        S The votes in LRE were as follows: 7 Ayes: Senator(s)        
                  Nakata, M. Ige, Chun Oakland, Fukunaga, Ihara,
                  Kanno, Slom; Ayes with reservations: Senator(s) ;
                  none Noes: Senator(s) ; and 1 Excused: Senator(s)
                  Chumbley
 2-19-99        S Reported from LRE (Stand. Com. Rep. No. 212) with
                  recommendation of passage on Second Reading and
                  referral to WAM
 2-19-99        S Report adopted; Passed Second Reading and referred
                  to WAM.
 2-28-99        S Notice of public decision making by WAM on 03-02-99         
                  at 9:00 a.m. in conference room 211.
 3- 2-99        S The committee on WAM recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 3- 2-99        S The votes in WAM were as follows: 9 Ayes: Senator(s)        
                  Fukunaga, Levin, Buen, Chun, Chun Oakland, D. Ige,
                  Kawamoto, Tam, Taniguchi; Ayes with reservations:
                  Senator(s) ; none Noes: Senator(s) ; and 4 Excused:         
                  Senator(s) M. Ige, Iwase, Nakata, Anderson
 1-19-00        S Carried over to 2000 Regular Session.