Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 2485, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to remove the Compliance Resolution Fund and the Insurance Regulation Fund from the list of special funds that are exempt from central service assessments.

Your Committee finds that it is appropriate to have central service expenses charged to these two accounts, and understands that the Department of Commerce and Consumer Affairs supports this change.

Your Committee has amended the bill by making the date defective to promote further discussion.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2485, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2485, S.D. 2.