STAND. COM. REP. NO. 1491
Honolulu, Hawaii
RE: H.B. No. 1227
H.D. 1
S.D. 1
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Madam:
Your Committee on Ways and Means, to which was referred H.B. No. 1227, H.D. 1, entitled:
"A BILL FOR AN ACT MAKING AN EMERGENCY APPROPRIATION FOR RISK MANAGEMENT,"
begs leave to report as follows:
The purpose of this measure is to make emergency appropriations for risk management for fiscal year 2006-2007.
Specifically, this measure transfers funds from general, special, and revolving funds to the state risk management revolving fund, and appropriates funds out of the state risk management revolving fund to cover unanticipated increases in property insurance premiums and deductibles.
Your Committee received comments in support of the measure from the Department of Accounting and General Services.
Your Committee finds that without this measure the State's property insurance coverage will fall to levels commensurate with the available funding and expenditure ceiling and the payment of property loss claims would be deferred because of insufficient funds.
Your Committee has amended this measure by adding clarifying prefatory language that the transfer of funds into the state risk management special fund is from not only special funds but special or revolving funds.
Additionally, technical note amendments have been made for purposes of clarity and consistency.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1227, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1227, H.D. 1, S.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
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____________________________ ROSALYN H. BAKER, Chair |
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