(1) Provide clearer authority to the Commissioner of Financial Institutions to expedite emergency applications and subpoena witnesses;

(2) Clarify the grounds for removal of institution-affiliated persons and revocation or suspension of a charter or license;

(3) Amend certain foreign bank application procedures to allow more uniform procedures to apply to institutions regulated by the Division of Financial Institutions (Division);

(4) Allow financial institutions unrestricted ability to invest in obligations of the State of Hawaii, as originally intended by the Legislature, by deleting language inadvertently restricting this ability;

(5) Authorize the Division to charge the $40 per hour examination rate for public requests to search, review, or segregate Division records; and

(6) Making housekeeping corrections to the Code to correct errors and inadvertent omissions.

(1) Removing the new $40 per hour examination rate fee for public requests to search, review, or segregate Division records. Your Committee understands that these types or requests by the public are infrequent, and believes that the fee may unduly burden public access to government records;

(2) Reflecting the repeal of chapter 415, Hawaii Revised Statutes, on July 1, 2001, and its replacement on that date by chapter 414, HRS, the Hawaii Revised Business Corporation Act. References to chapter 415 and sections within chapter 415 have been replaced by references to chapter 414 and corresponding sections in the chapter;

(3) Changing the effective date of the measure from upon approval, to July 1, 2001; and

(4) Making other technical, nonsubstantive amendments for purposes of clarity, consistency, and style.