STAND. COM. REP. NO.758

Honolulu, Hawaii

, 2001

RE: H.B. No. 659

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. 659, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO UNDERGROUND STORAGE TANKS,"

begs leave to report as follows:

The purpose of this bill is to:

(1) Transfer funds from the Department of Business, Economic Development, and Tourism (DBEDT) Capital Loan Revolving Fund (Revolving Fund) to the Department of Health (DOH) Leaking Underground Storage Tank (LUST) Fund; and

(2) Expand the permissible uses of moneys in the LUST fund.

DOH and Hawaii's Thousand Friends testified in support of this bill. The Tax Foundation of Hawaii submitted comments.

Your Committee has amended this bill by:

(1) Clarifying that the appropriation include all unexpended and unencumbered moneys remaining in the Revolving Fund at the close of business on June 30, 2001, that were collected pursuant to Act 267, Sessions Laws of Hawaii 1991, up to $2,500,000; and

(2) Making technical, nonsubstantive changes 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. 659, H.D.1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 659, H.D. 2.

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

____________________________

DWIGHT Y. TAKAMINE, Chair