Report Title:

Public Financial Education and Asset Building Task Force; State Employees; Appropriation

Description:

Establishes the public financial education and asset building task force to develop standards for the financial education of state employees.  Makes an appropriation for this purpose.

HOUSE OF REPRESENTATIVES	H.B. NO.	2041
TWENTY-FOURTH LEGISLATURE, 2008
STATE OF HAWAII

A BILL FOR AN ACT

relating to the public financial education and asset building task force.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

     SECTION 1.  The purpose of this Act is to create the public financial education and asset building task force to develop a systematic program to provide for the financial education of state employees.

     SECTION 2.  (a)  There is established a public financial education and asset building task force to be attached to the department of human resources development for administrative purposes.  The task force shall develop a systematic program to provide for the financial education of state employees.

     The program shall:

     (1)  Address the following objectives:

         (A)  Beginning financial education as early as possible;

         (B)  Providing educational material for various pay scales; and

         (C)  Making educational classes and material available to all employees.

     (2)  Have the following objectives:

         (A)  Implementing the program in all departments;

         (B)  Promoting participation in the program by having employee participation considered as part of the regular work day; and

         (C)  Expanding the program to the nongovernment sector.

     (3)  Include cost projections for the phasing-in and operation of the program;

     (4)  Include proposals for implementing the program for state employees; and

     (5)  Include a draft of proposed administrative rules necessary for the phasing-in and operation of the program.

     (b)  The members of the task force shall include but not be limited to representatives of the following departments or organizations:

     (1)  The Hawaii Council on Economic Education;

     (2)  The Hawaii Alliance for Community Based Economic Development;

     (3)  The Hawaii Government Employee's Association;

     (4)  Consumer Credit Counseling of Hawaii;

     (5)  The department of commerce and consumer affairs, securities branch;

     (6)  The department of human resources development;

     (7)  The department of human services;

     (8)  The department of labor and industrial relations; and

     (9)  The Hawaii Credit Union League;

provided that, if the listed nongovernmental organizations choose not to participate in the task force, then the department of human resources development shall select an appropriate representative of a similar organization.

     (c)  The task force shall select a chairperson from among its members.

     (d)  The task force shall submit a report of its findings and recommendations, including any proposed legislation, to the legislature no later than twenty days prior to the convening of the regular session of 2010.

     (e)  Members of the task force shall serve without compensation but shall be reimbursed for expenses, including travel expenses, necessary for the performance of their duties.

     (f)  The task force shall be exempt from chapter 92, Hawaii Revised Statutes; provided that the task force shall make a good faith effort to make its proceedings and work products accessible and available to the general public in a manner consistent with the intent of chapter 92, Hawaii Revised Statutes.

     (g)  The task force shall terminate on June 30, 2010.

     SECTION 3.  There is appropriated out of the budget of the department of human resources development the sum of $           or so much thereof as may be necessary for fiscal year 2008-2009 to support the operation of the public financial education and asset building task force.

     The sum appropriated shall be expended by the department of human resources development for the purposes of this Act.

     SECTION 4.  This Act shall take effect on July 1, 2008.

INTRODUCED BY:

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