STAND. COM. REP. NO.503-02
Honolulu, Hawaii
, 2002
RE: H.B. No. 2449
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 2449, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO SMALL BUSINESS,"
begs leave to report as follows:
The purpose of this bill is to assist small businesses by modifying the provisions of the Hawaii Small Business Regulatory Flexibility Act (RFA).
Among other things, this bill:
(1) Extends the sunset date of the RFA from June 30, 2002, to June 30, 2004;
(2) Repeals the provision authorizing a small business defender;
(3) Makes various amendments to the operations of the Small Business Regulatory Review Board; and
(4) Amends the definition of "small business" to mean enterprises with fewer than one hundred rather than two hundred employees.
The National Federation of Independent Business and the Hawaii Business League testified in support of this bill. The Department of Business, Economic Development, and Tourism and The Chamber of Commerce of Hawaii supported the intent 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. 2449, H.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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