STAND. COM. REP. NO.  508-10

Honolulu, Hawaii

                , 2010

RE:   H.B. No. 2690

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 2690 entitled:

"A BILL FOR AN ACT RELATING TO GOVERNMENT,"

begs leave to report as follows:

     The purpose of this bill is to facilitate the improved distribution of state funds and ensure that the Legislature is informed of the financial needs of state-government entities by requiring that the President of the Senate and the Speaker of the House of Representatives be notified in writing no later than ten days following the receipt of any grant or allotment of federal-aid moneys accepted for expenditure in the state.

     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 H.B. No. 2690 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

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

____________________________

MARCUS R. OSHIRO, Chair