STAND. COM. REP. NO.867

Honolulu, Hawaii

, 2001

RE: H.B. No. 533

H.D. 2

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 533, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO ANTITRUST,"

begs leave to report as follows:

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.

AG submitted testimony in support of this bill.

Your Committee has amended this bill by:

(1) Providing that all unencumbered and unexpended moneys in excess of $250,000 in the Fund at the close of June 30 of reach year shall lapse to the general fund; and

(2) Making technical, nonsubstantive amendments for purposes of clarity and style.

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 H.B. No. 533, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 533, H.D. 2.

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

____________________________

DWIGHT Y. TAKAMINE, Chair