CONFERENCE COMMITTEE REP. NO.118-02
Honolulu, Hawaii
, 2002
RE: H.B. No. 2453
S.D. 1
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 2453, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE CAPITAL LOAN PROGRAM,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this bill is to assist small businesses participating in the Hawaii Capital Loan Program (Program) by providing more timely and market-aligned interest rates.
More specifically, this bill changes the frequency for adjusting the Program's loan interest rate from semiannually to the first day of each month.
Your Committee on Conference has amended this measure by making it effective upon its approval.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 2453, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 2453, S.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE SENATE |
ON THE PART OF THE HOUSE |
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____________________________ ROD TAM, Chair |
____________________________ LEI AHU ISA, Co-Chair |
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____________________________ BRIAN T. TANIGUCHI, Co-Chair |
____________________________ MICHAEL Y. MAGAOAY, Co-Chair |
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