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. 2553, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to increase the amount of funding received by the Bureau of Conveyances from recording fees.

Specifically, the measure will increase the amount, from $2 to $7 of the $25 recordation fee, that may be deposited into the Bureau of Conveyances special fund. The remaining $18 of the recordation fee is deposited to the credit of the general fund.

Your Committee notes that this measure will not increase fees charged to the public, but will instead allow the Bureau to retain a higher portion of the current fees to fund its programs. Your Committee finds that this increase will permit the Bureau to continue its modernization efforts and ensure adequate staffing.

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. 2553, S.D. 1, and recommends that it pass Third Reading.