Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection, and Housing, to which was referred S.B. No. 2067 entitled:

begs leave to report as follows:

The purpose of this measure is to appropriate $1,000,000 out of general revenues for the loss mitigation grant program.

Testimony in support of this measure was submitted by the State Insurance Commissioner and The Hawaii Lumber Products Association.

Your Committee finds that this appropriation will enable the Insurance Commissioner to make loss mitigation grants authorized under chapter 431, article 22, Hawaii Revised Statutes.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection, and Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2067 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.