STAND. COM. REP. NO.  1898

Honolulu, Hawaii

                , 2007

RE:   S.B. No. 798

      S.D. 3

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No. 798, S.D. 3, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO DISASTER RELIEF,"

begs leave to report as follows:

     The purpose of this bill is to create a one-time tax credit for victims of the October 15, 2006, earthquake and make appropriations out of the Emergency and Budget Reserve Fund for repair and remediation of damage to the Hulihee Palace and to Natural Energy Laboratory of Hawaii Authority water pipelines caused by the earthquake.

     For purposes of the public hearing, your Committee circulated a proposed H.D. 2 version that deletes the provisions of the bill and inserts new language extending for one year the lapse date of emergency disaster relief appropriations made by Act 118, Session Laws of Hawaii 2006. 

     The Department of Defense, Department of Land and Natural Resources, and Department of Transportation testified in support of this proposed H.D. 2.  The Daughters of Hawaii provided comments.

     Your Committee has further amended the proposed H.D. 2 by making technical, nonsubstantive amendments for style, clarity, and consistency.

     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. 798, S.D. 3, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 798, S.D. 3, H.D. 2.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair