STAND. COM. REP. NO.1342
Honolulu, Hawaii
, 2001
RE: S.B. No. 840
S.D. 1
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. 840, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO FINANCIAL INSTITUTIONS,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Reduce from $2,500,000 to $2,000,000, the tax revenues from financial institutions that is allocated to the Division of Financial Institutions of the Department of Commerce and Consumer Affairs (DCCA); and
(2) Require financial institutions to publish statements of assets and liabilities with the Commissioner of Financial Institutions rather than publishing such statements in a newspaper.
DCCA, Hawaii Bankers Association, and Hawaii Financial Services Association 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. 840, S.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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