STAND. COM. REP. NO.1333
Honolulu, Hawaii
, 2003
RE: H.B. No. 320
H.D. 2
S.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred H.B. No. 320, H.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO RISK MANAGEMENT,"
begs leave to report as follows:
The purpose of this bill is to assist and facilitate the University of Hawaii in managing its risks and paying its settlements and judgments.
Specifically, this bill:
(1) Creates the University of Hawaii Risk Management Special Fund to cover the cost of the administration and operation of the University's risk management program; and
(2) Provides the Board of Regents with the authority to approve the indemnification of persons, companies, and government entities, as necessary for various purposes, including as a condition to receiving research and other funds for educational purposes.
Upon further consideration, your Committee has amended this bill to take effect on July 1, 2013, for the purpose of promoting further discussion, and by making technical nonsubstantive changes.
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. 320, H.D. 2, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 320, H.D. 2, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ BRIAN T. TANIGUCHI, Chair |
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