STAND. COM. REP. NO.  31-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2032

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on International Affairs, to which was referred H.B. No. 2032 entitled:

"A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM,"

begs leave to report as follows:

     The purpose of this bill is to voice Hawaii's opposition to the humanitarian crisis presently occurring in Uganda by prohibiting the Employees' Retirement System from investing in securities of companies that have active business operations with Uganda.

     The Invisible Children Hawaii Club testified in support of this bill.

     As affirmed by the record of votes of the members of your Committee on International Affairs that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2032 and recommends that it pass Second Reading and be referred to the Committee on Labor & Public Employment.

Respectfully submitted on behalf of the members of the Committee on International Affairs,

____________________________

RIDA T.R. CABANILLA, Chair