CONFERENCE COMMITTEE REP. NO.113
Honolulu, Hawaii
, 2001
RE: H.B. No. 533
H.D. 2
S.D. 1
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 533, H.D. 2, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO ANTITRUST
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this bill is to establish the Antitrust Trust Fund (Trust Fund) to be administered by the Department of the Attorney General (AG) to enforce the antitrust laws. The Trust Fund is to receive:
(1) A start-up deposit of an unspecified amount from the fiscal year 2000-2001 general fund appropriation for the Department of the AG (ATG 100);
(2) An unspecified percent of any antitrust judgment or settlement received by the State; and
(3) Any legislative appropriations.
Unencumbered, unexpended funds in excess of $250,000 are to lapse to the general fund after June 30 of each year.
Your Committee on Conference finds that the establishment of the Trust Fund will benefit Hawaii's consumers by providing the AG with ready access to monetary resources needed to participate in interstate antitrust investigations, lawsuits, and judgments.
Your Committee on Conference has amended this bill to provide that the following shall be deposited into the Trust Fund:
(1) Up to $150,000 from the fiscal year 2000-2001 Department of the AG general fund appropriation (ATG 100); and
(2) Ten percent of any antitrust judgment or settlement received by the State.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 533, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 533, H.D. 2, S.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE SENATE |
ON THE PART OF THE HOUSE |
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____________________________ BRIAN KANNO, Chair |
____________________________ KENNETH T. HIRAKI, Co-Chair |
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____________________________ COLLEEN HANABUSA, Co-Chair |
____________________________ BLAKE K. OSHIRO, Co-Chair |
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____________________________ RON MENOR, Co-Chair |
____________________________ NATHAN SUZUKI, Co-Chair |