STAND. COM. REP. NO. 2347

Honolulu, Hawaii

RE:    S.B. No. 2401

       S.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 2401 entitled:

"A BILL FOR AN ACT RELATING TO STATE FINANCES,"

begs leave to report as follows:

     The purpose of this measure is to clarify the role of the director of finance with respect to maintaining books and records.

     Your Committee finds that the Director of Finance's role in maintaining records of the transactions and business of the department of finance needs clarification and that further discussion on this matter would be beneficial.

     Accordingly, your Committee amended this measure by changing the effective date to January 1, 2050, to facilitate further discussion.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2401, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2401, S.D. 1, and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DONNA MERCADO KIM, Chair