Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2274 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the Comptroller to exercise discretion to deposit money received from the settlement of claims or losses of the State into an affected agency's trust account instead of the State Risk Management Revolving Fund.

The Department of Accounting and General Services, Department of Education, and University of Hawaii testified in support of this bill.

Your Committee has amended this bill by:

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. 2274, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2274, H.D. 1, and be placed on the calendar for Third Reading.