| Measure Title: | RELATING TO CHARITABLE ANNUITIES. |
| Report Title: | Charitable Gift Annuities; Nonprofits; Net Worth; Reserves |
| Description: | Reduces minimum net worth requirement for nonprofits that issue charitable gift annuities, from $5 million to $200,000. Requires segregation of sufficient assets to pay annuities, plus a surplus of the greater of 10% of reserves or $100,000. Requires disclaimers in annuity agreements. (CD1) |
| Package: | None |
| Companion: | |
| Introducer(s): | ESPERO, Inouye, Kanno, English, Kokubun |
| Current Referral: | CPC, FIN |
| Date | Status Text | |
|---|---|---|
| 1/28/2004 | S | Introduced and passed First Reading. |
| 2/2/2004 | S | Referred to CPH, WAM. |
| 2/4/2004 | S | The committee on CPH has scheduled a public hearing on 02-09-04 at 9:00 am in conference room 016. |
| 2/9/2004 | S | The committee on CPH deferred the measure until 02-17-04 at 9:00 am in conference room 016. |
| 2/17/2004 | S | The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 5 Aye(s): Menor, Baker, Espero, Ige, Kim; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Sakamoto, Whalen. |
| 2/20/2004 | S | Reported from CPH (Stand. Com. Rep. No. 2341) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| 2/20/2004 | S | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| 2/24/2004 | S | The committee on WAM will hold a public decision making on 02-27-04 at 9:00 am in conference room 211. |
| 2/27/2004 | S | The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 12 Aye(s): Senator(s) Taniguchi, Kokubun, English, Espero, Hooser, Inouye, Kawamoto, Kim, Tsutsui, Hemmings, Slom; Aye(s) with reservations: Senator(s) Trimble ; 0 No(es): none; and 3 Excused: Senator(s) Aduja, Kanno, Sakamoto. |
| 3/5/2004 | S | Reported from WAM (Stand. Com. Rep. No. 2670) with recommendation of passage on Third Reading, as amended (SD 2). |
| 3/5/2004 | S | 48 Hrs. Notice 03-09-04. |
| 3/9/2004 | S | Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: Senator(s) Trimble . Noes, 0 (none). Excused, 0 (none). Transmitted to House. |
| 3/9/2004 | H | Received from Senate (Sen. Com. No. 324) in amended form (SD 2). |
| 3/11/2004 | H | Pass First Reading |
| 3/11/2004 | H | Referred to CPC, FIN, referral sheet 32. |
| 3/15/2004 | H | Bill scheduled to be heard by CPC on Wednesday, 03-17-04 at 1:00 pm in House conference room 325. |
| 3/17/2004 | H | The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Hiraki, Herkes, Caldwell, Chang, Ito, Kanoho, Lee, B. Oshiro, M. Oshiro, Souki; Ayes with reservations: none; 0 Noes: none; and 5 Excused: Sonson, Finnegan, Marumoto, Stonebraker, Thielen. |
| 3/25/2004 | H | Reported from the committee on CPC (Stand. Com. Rep. No. 975-04) as amended in (HD 1), recommending passage on Second Reading and referral to the committee on FIN. |
| 3/25/2004 | H | Passed Second Reading as amended in (HD 1) and referred to the committee(s) on FIN with none voting no and Representative(s) Arakaki, Chang excused. |
| 3/28/2004 | H | Bill scheduled to be heard by FIN on Tuesday, 03-30-04 at 4:30 pm in House conference room 308. |
| 3/30/2004 | H | The committee(s) recommends that the measure be deferred. |
| 4/2/2004 | H | Bill scheduled for decision making on Monday, 04-05-04 at 4:00 pm in conference room 308. |
| 4/5/2004 | H | The committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 13 Ayes: Representative(s) Takamine, Kawakami, Kaho`ohalahala, Karamatsu, Magaoay, Mindo, Nakasone, Nishimoto, Shimabukuro, Waters, Bukoski, Jernigan, Moses; Ayes with reservations: none; 1 Noes: Representative(s) Meyer; and 1 Excused: Representative(s) Wakai. |
| 4/8/2004 | H | Reported from the committee on FIN (Stand. Com. Rep. No. 1273-04) as amended in (HD 2), recommending passage on Third Reading. |
| 4/8/2004 | H | Forty-eight (48) hours notice Tuesday, 4/13/2004. |
| 4/13/2004 | H | Passed Third Reading as amended in (HD 2) with Representative(s) Meyer voting no and none excused. |
| 4/13/2004 | H | Transmitted to Senate. |
| 4/15/2004 | S | Received from House (Hse. Com. No. 518). |
| 4/15/2004 | S | Senate disagrees with House amendments. |
| 4/15/2004 | H | Received notice of disagreement (Sen. Com. No. 599). |
| 4/19/2004 | H | House conferees appointed: Hiraki, Takamine Co-Chairs; Magaoay, Stonebraker. |
| 4/21/2004 | S | Received notice of appointment of House conferees (Hse. Com. No. 626). |
| 4/21/2004 | S | Senator(s) Menor, Taniguchi appointed as Co-Chair(s), Baker, Kokubun, Whalen. |
| 4/21/2004 | H | Received notice of Senate conferees (Sen. Com. No. 692). |
| 4/23/2004 | S | Conference committee meeting scheduled for 04-27-04 at 10:00 am in conference room 016. |
| 4/27/2004 | S | Conference committee meeting to reconvene on 04-28-04 at 10:00 am in conference room 016. |
| 4/28/2004 | S | Conference committee meeting to reconvene on 04-29-04 at 9:00 am in conference room 016. |
| 4/29/2004 | H | The Conference Committee recommends that the measure be Passed, with Amendments.The votes were as follows: 3 Ayes: Representative(s) Hiraki, Takamine, Magaoay; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Representative(s) Stonebraker. |
| 4/29/2004 | S | The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Menor, Taniguchi, Kokubun; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Baker, Whalen. |
| 4/30/2004 | H | Reported from Conference Committee (Conf Com. Rep. No. 101-04) as amended in (CD 1). |
| 4/30/2004 | S | Reported from Conf. Com. as amended CD 1 (Conf. Com. Rep. No. 101-04). |
| 4/30/2004 | S | 48 Hrs. Notice 05-03-04. |
| 4/30/2004 | H | Forty-eight (48) hours notice Monday, 05-03-04. |
| 5/3/2004 | H | Passed Final Reading as amended in (CD 1) with none voting no and Meyer excused. |
| 5/3/2004 | S | Passed Final Reading, as amended (CD 1). 24 Aye(s); Aye(s) with reservations: none . 1 No(es): Senator(s) Trimble. 0 Excused: none. |
| 5/5/2004 | H | Received notice of Final Reading (Sen. Com. No. 782). |
| 5/6/2004 | S | Received notice of passage on Final Reading in House (Hse. Com. No. 733). |
| 5/7/2004 | S | Enrolled to Governor. |
| 7/8/2004 | S | Act 172, 7/6/2004 (Gov. Msg. No. 675). |
| 7/8/2004 | H | Act 172, on 7/6/2004 (Gov. Msg. No. 363). |
$ = Appropriation measure
ConAm = Constitutional Amendment