Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 817, S.D. 2, entitled:

begs leave to report as follows:

The purpose of this bill is to establish standards and procedures regarding the assignment of unemployment insurance contribution rates and the transfer of unemployment insurance experience when a change in employing unit occurs.

The Department of Labor and Industrial Relations testified in support of this bill.

Your Committee has amended this measure by:

(1) Changing the effective date to July 1, 2010; and

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 S.B. No. 817, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 817, S.D. 2, H.D. 1, and be placed on the calendar for Third Reading.