Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Consumer Protection and Commerce, to which was referred S.B. No. 1062, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the conversion of professional and vocational licenses when the licensee changes its form of business.

Testimony in support of this bill was received from the Department of Commerce and Consumer Affairs, Professional and Vocational Licensing Division.

Your Committee finds that Act 280, Session Laws of Hawaii 1999, established requirements for the conversion of business entities, but failed to address the issue of a converted business entity's professional or vocational license. This measure cures this oversight by authorizing the conversion of professional and vocational licenses of business entities that have converted into or merged to form new entities, upon compliance with application and fee requirements and continuing compliance with licensing requirements.

Your Committee has amended this bill by making technical, nonsubstantive amendments for style, clarity, and consistency.

As affirmed by the record of votes of the members of your Committee on Consumer Protection and Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1062, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1062, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.