Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Water and Land Use, to which was referred H.B. No. 2553 entitled:

begs leave to report as follows:

The purpose of this bill is to enable the Bureau of Conveyances (Bureau) to become totally self-sufficient by increasing the share of the recording fee that is deposited into the Bureau of Conveyances Special Fund (Special Fund).

The Department of Land and Natural Resources testified in support of this measure.

Your Committee finds that passage of this measure will ensure that the Bureau has adequate staffing and can continue to modernize its operations. Of the $25 recording fee collected, $2 is currently deposited into the Special Fund. The balance of $23 is deposited into the General Fund. This bill proposes to increase the amount earmarked for the Special Fund to $7, thereby reducing the amount to be deposited into the General Fund to $18.

As affirmed by the record of votes of the members of your Committee on Water and Land Use that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2553 and recommends that it pass Second Reading and be referred to the Committee on Finance.