STAND. COM. REP. 260
Honolulu, Hawaii
, 2003
RE: H.B. No. 1155
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 Committees on Consumer Protection and Commerce and Judiciary, to which was referred H.B. No. 1155 entitled:
"A BILL FOR AN ACT RELATING TO UNCLAIMED PROPERTY,"
beg leave to report as follows:
The purpose of this bill is to reduce publication expenses of, and allow greater flexibility in providing the annual public notice regarding unclaimed property.
Testimony in support of this measure was submitted by the Department of Budget and Finance.
Currently, the annual public notice is published in at least one newspaper per county and results in needlessly high publication costs. Your Committees find that publication of this notice via the Internet will significantly reduce those costs.
Your Committees have amended this measure by:
(1) Specifying that if the annual notice of unclaimed property is published on the Internet, it must be published on the State of Hawaii Internet website; and
(2) Changing the effective date to July 1, 2050, to facilitate further discussion of concerns regarding lack of access to computers and the Internet.
As affirmed by the records of votes of the members of your Committees on Consumer Protection and Commerce and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 1155, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 1155, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committees on Consumer Protection and Commerce and Judiciary,
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____________________________ ERIC G. HAMAKAWA, Chair |
____________________________ KENNETH T. HIRAKI, Chair |
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