STAND. COM. REP. NO.810
Honolulu, Hawaii
, 2001
RE: H.B. No. 596
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. 596, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII HURRICANE RELIEF FUND,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Give the Hawaii Hurricane Relief Fund (HHRF) Board of Directors (HHRF Board) the power to suspend or reactivate the HHRF's special mortgage recording fee; and
(2) Extend the Director of Finance's authorization to issue reimbursable general obligation bonds to HHRF for fiscal year 2001-2002.
The HHRF Board, Hawaii Association of Realtors, and Hawaii Insurers Council submitted testimony in support of this bill. The Department of Land and Natural Resources, Mortgage Bankers of Hawaii, and Hawaii Independent Insurance Agents Association submitted testimony in support of the intent of this bill. An individual submitted testimony opposing this bill.
Your Committee has amended this bill by making technical, nonsubstantive amendments for purposes of style and clarity.
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. 596, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 596, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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