Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Labor and Public Employment, to which was referred H.B. No. 670 entitled:

begs leave to report as follows:

The purpose of this bill is provide special transfer of funds to Hawaii's account in the Unemployment Trust Fund for federal fiscal years ending in 2000, 2001, and 2002 in accordance with provisions of the Federal Balanced Budget Act of 1997 (BBA).

The Department of Labor and Industrial Relations testified in support of this bill.

Your Committee finds that the State will lose additional federal funds for unemployment insurance administrative expenses if these transfers are not made.

Your Committee has amended this bill by:

(1) Changing the effective date to provide that to the

(2) Making technical, nonsubstantive amendments for

As affirmed by the record of votes of the members of your Committee on Labor and Public Employment that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 670, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 670, H.D. 1, and be referred to the Committee on Finance.