Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Economic Development & Business Concerns, to which was referred H.B. No. 3084 entitled:

begs leave to report as follows:

The purpose of this bill is to establish fair and consistent practices for the purchase and use of retail gift certificates by:

The Retail Merchants of Hawaii supported the intent of this measure. The Department of Commerce and Consumer Affairs and Hawaii Bankers Association offered comments.

Your Committee has amended this bill by restoring the two-year cap on gift certificate validity.

As affirmed by the record of votes of the members of your Committee on Economic Development & Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 3084, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 3084, H.D. 1, and be referred to the Committee on Consumer Protection & Commerce.