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 S.B. No. 1161, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to make the process of disposing abandoned or seized property more economically realistic by raising the minimum value of abandoned and seized property upon which public notice and sale requirements are imposed from $100 to $1,000.

The Department of Land and Natural Resources submitted testimony in support of this bill.

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 S.B. No. 1161, S.D. 1, and recommends that it pass Third Reading.