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. 698 entitled:

begs leave to report as follows:

The purpose of this bill is to reduce regulatory burden by repealing the Hawaii Environmental Disclosure Law (chapter 343D, Hawaii Revised Statutes), that was enacted in 1982 to alert the public of major corporate changes, particularly in the agricultural industry. Since then, only 12 disclosure statements have been filed.

The Office of the Lieutenant Governor, Office of Environmental Quality Control, and a concerned citizen testified in support of this measure.

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. 698 and recommends that it pass Third Reading.