STAND. COM. REP. 702
Honolulu, Hawaii
, 2003
RE: H.B. No. 1154
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 1154 entitled:
"A BILL FOR AN ACT RELATING TO UNCLAIMED PROPERTY,"
begs leave to report as follows:
The purpose of this bill is to improve the administration of the Unclaimed Property Program (Program) by:
(1) Clarifying the provisions of the Unclaimed Property Trust Fund (Trust Fund);
(2) Authorizing moneys from the Trust Fund to be used for the Program's operating expenses; and
(3) Appropriating $313,888 for fiscal year 2003-2004 and $313,888 for fiscal year 2004-2005 out of the Trust Fund to pay for the administration and operation of the Program.
The Department of Budget and Finance testified in support of this measure.
Your Committee has amended this measure by:
(1) Deleting appropriation amounts for fiscal year 2003-2004 and fiscal year 2004-2005 to further discussion; and
(2) Making technical, nonsubstantive amendments for purposes of clarity, consistency, and style.
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. 1154, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1154, H.D. 1, and be placed on the calendar for 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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