Report Title:

VEBA; Sunset

Description:

Makes VEBA trust law permanent.

HOUSE OF REPRESENTATIVES	H.B. NO.	29
TWENTY-FOURTH LEGISLATURE, 2007
STATE OF HAWAII

A BILL FOR AN ACT

relating to voluntary employees' beneficiary association trusts.

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

     SECTION 1.  Act 245, Session Laws of Hawaii 2005, is amended by amending section 8 to read as follows:

     "SECTION 8.  This Act shall take effect upon its approval[, for the purpose of establishing a voluntary employees beneficiary association trust pilot program and shall be repealed on July 1, 2008; provided that sections 89‑2, 89‑3, 89‑6, and 89‑9, Hawaii Revised Statutes, are reenacted in the form in which they read on the day before the effective date of this Act]."

     SECTION 2.  Statutory material to be repealed is bracketed and stricken.

     SECTION 3.  This Act shall take effect upon its approval.

INTRODUCED BY:

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